New Delhi : SpiceJet’s Chief Operating Officer Sanjiv Kapoor today put in his papers, nearly ten months after original promoter Ajay Singh took over the reins of the budget airline. Kapoor, 48, was appointed to the post by then owner Kalanithi Maran in November 2013.
His abrupt resignation comes over a year before the expiry of his employment contract, SpiceJet sources said. “We thank Sanjiv for leading SpiceJet at a very difficult time. He has been, and will remain, a strong and passionate supporter of the airline,” Singh, the airline’s Chairman and Managing Director said.
Kapoor is believed to have been sidelined after the new management took over earlier this year following the Marans offloading their entire holding to Singh. An avid user of micro blogging site Twitter, Kapoor has been a visible face of the no-frills airline and a strong supporter of flash sales of discounted tickets. “After overcoming significant challenges and under the new ownership, SpiceJet has not only returned to profitability, it has been a fundamental catalyst behind the world leading market growth in India. Thanks to SpiceJet, competition has been kept alive in the Indian airline industry,” Kapoor said.
