Jet Airways CEO-designate Sanjiv Kapoor resigned from his post earlier this week following a year of service with the airline, Jalan-Kalrock Consortium (JKC) confirmed in a social media post. Kapoor will serve a brief notice period before handing over the paper-work to JKC’s executive committee as no successor has been named so far.
In a statement released on social media, Kapoor said: “I am proud to have been part of a fantastic team that came together with JKC to create history by reviving an airline for the first time in India. I am a firm believer in the tremendous value that can be created by full-service carriers such as Jet Airways following bankruptcy restructuring, and I know JKC is fully committed towards the revival of Jet Airways and wish them the very best.”
JKC board member Ankit Jalan expressed his gratitude towards Kapoor and his work over the past year while reiterating their commitment to reviving Jet Airways despite the prolonged process. Jalan clarified that the airline was now in the closing stages of its transfer of ownership, and JKC would soon pay off its outstanding debts.
Apart from Kapoor, Jet Airways veteran pilot and Accountable Manager Captain P.P. Singh also made his exit from the airline. Although he didn’t specify any reason, experts claim that airline’s slow return to service might be the cause of the exit.