Sanjiv Kapoor to be new SpiceJet CEO

Written By Unknown on Kamis, 31 Oktober 2013 | 23.25

SpiceJet today announced the appointment of Sanjiv Kapoor, aviation consultant and a former member of Bangladesh's GMG Airlines' Board, as its Chief Operating Officer (COO).

Kapoor, who would be occupying the post from tomorrow, had earlier worked with US carrier Northwest Airlines in several roles spanning corporate finance, business planning, procurement and operations, the no-frills carrier said in a filing with the Bombay Stock Exchange.

Besides Singapore's Temasek Holdings and the Boston Consulting Group in the US, Kapoor also worked with consultancy firm Bain and Company as a leader in their airline practice and worked with several large global carriers at the Board level on their fleet planning, network optimisation and revenue management.

His most recent stint was in the GMG Airlines where he led several initiatives towards improving productivity, cost control and customer satisfaction.

In April 2012, S. Natrajhen, formerly with Sun TV and erstwhile COO of SpiceJet, was appointed whole-time director of SpiceJet and designated Executive Director.  The airline's CEO Neil Mills quit in July last year.


On October 31, 2013, SpiceJet closed at Rs 20.20, up Rs 0.35, or 1.76 percent. The 52-week high of the share was Rs 50.90 and the 52-week low was Rs 18.05.

The latest book value of the company is Rs -3.88 per share. At current value, the price-to-book value of the company was -5.21.


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