New Delhi: Sanjeev Kapoor, the CEO-designate of grounded airline Jet Airways, has resigned just a year after joining the company. He was appointed as the CEO-designate in April 2022. As per an official release, he is leaving the company with effect from Monday, May 1, on completion of his notice period.
“I am proud to be part of a wonderful team that came together with JKC to create history by reviving an airline for the first time in India. It is not any ordinary airline that we set out to revive – it is Jet Airways , one of the most preferred airlines operated in India for the last 25 years before ceasing operations in 2019,” Mr Kapoor said in the statement today.
The Jalan Kalrock Consortium announced in an official statement. The airline has been decommissioned since 2019 due to financial troubles. The airline’s committee of creditors has approved a capital infusion revival plan floated by a consortium of Dubai-based Murari Lal Jalan and UK-based Kalrock Capital, now called JKC.
“JKC remains fully committed to the revival of Jet Airways, and JKC’s Executive Committee will oversee the CEO-designate’s responsibilities until a suitable replacement is found.” read the official statement.
The airline has been grounded
Previous Experience of Sanjeev Kapoor
Sanjeev Kapoor was the designated CEO of Jet Airways. He was appointed in April 2022. Prior to this, Kapoor was the chairman of Oberoi Hotels & Resorts for about a year. He worked as Chief Strategist and Commercial Officer for Vistara Airlines from March 2016 to December 2019.
He completed his Master of Business Administration (MBA) from The Wharton School in 1994 – 1996. Prior to this, he completed his graduation in Computer Science from Dartmouth College and Bachelor of Arts from Govt.