Jalan Kalrock Consortium, the new proposed promoters of Jet Airways, today announced the appointment of Sanjiv Kapoor as the Chief Executive Officer. Kapoor will join on April 4, 2022, from his present assignment as President of Oberoi Hotels and Resorts.
An experienced aviation professional, Kapoor had served as the Chief Strategy and Commercial Officer at Vistara, a Tata-Singapore Airline joint venture, from 2016 until 2019. During his tenure, the airline grew from 9 aircraft and 40 flights a day to 38 aircraft and over 200 flights a day.
Prior to Vistara, Kapoor led low-cost airline SpiceJet through its unprecedented turnaround in 2014-2015 as its COO and de facto CEO from November 2013 until October 2015, shepherding the airline through a period of record-high oil prices and a cash crunch, to cultural and operational transformation, ownership change, and profitability within 15 months of assuming charge.
Murari Lal Jalan, Lead Partner of the Jalan-Kalrock Consortium and proposed Non-Executive Chairman of Jet Airways said “I am happy to have Sanjiv join our team. Sanjiv is a people’s person and has all qualities of a great leader. I am certain he will be able to lead Jet Airways and make it become the most preferred full-service carrier of India. Sanjiv is a seasoned aviation professional who has the right blend and demeanour to stitch a team together."
Kapoor said “I am looking forward to getting back to aviation, an industry I am passionate about, with Jet Airways, one of the warmest, classiest and most loved brands to have graced Indian aviation. Even though Jet Airways has been out of operation for three years, it still has a large fan base of loyal customers who miss it every day and can’t wait for it to take to the skies again. Working together with a very strong team of experienced aviation professionals that is being put together by the Jalan-Kalrock Consortium, I look forward to leading the charge in rebuilding Jet Airways into the most preferred customer-oriented airline once again, a people-focused airline for the digital age."
After Jet Airways was grounded three years ago, Jalan Kalrock Consortium had emerged as the successful applicant in the corporate insolvency resolution process before the National Company Law Tribunal (NCLT). The new appointment is expected to speed up the revival of the full-service airline.
