Avili holds 12 years of experience in Asia and was part of the start up team of Malaysia-based low cost airliner AirAsia in 2001
Media baron Kalanithi Maran owned SpiceJet today announced the appointment of Kaneswaran Avili as its new chief commercial officer.
Prior to this, Avili was serving TigerAirways in Singapore as its commercial director, a company statement said.
Also Read: SpiceJet rejigs top deck, Neelakantan returns as CFO
"His deep domain knowledge on airline commercial across sales and distribution, revenue management, marketing, network planning would be key in transforming SpiceJet commercial capability and airline profitability," SpiceJet chief operating officer Sanjiv Kapoor said.
Avili holds 12 years of experience in Asia and was part of the start up team of Malaysia-based low cost airliner AirAsia in 2001, it said.
SpiceJet holds over 19 percent market share in domestic market and operates more than 360 flights to over 56 airports including 46 in Indian cities, the statement added.
SpiceJet stock price
On March 06, 2014, SpiceJet closed at Rs 14.40, up Rs 0.87, or 6.43 percent. The 52-week high of the share was Rs 43.75 and the 52-week low was Rs 12.50.
The latest book value of the company is Rs -3.50 per share. At current value, the price-to-book value of the company was -4.11.
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