- Saturday, March 01, 2025
By: Shubham Ghosh
Sanjiv Kapoor, the chief executive officer (CEO)-designate of Jet Airways, has quit the company just a year after joining the grounded airline.
He joined the carrier in April last year.
In a statement on Friday (28), the consortium which is working to revive Jet said it will oversee CEO-designate responsibilities until a suitable replacement is found, NDTV reported.
The Press Trust of India cited a source as saying that Friday was the last working day for Kapoor at the company.
It was reported that the management committee of Jet Airways asked Kapoor in January against using the title of CEO till the troubled carrier’s ownership saw a complete transfer to a consortium of lenders.
He continued as the CEO-designate till the time of stepping down.
“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. It is not an ordinary airline we set out to revive – it is Jet Airways, one of the most loved airlines in India for the last 25 years it operated before ceasing operations in 2019,” Kapoor was quoted as saying in the statement today, according to NDTV.
“I am proud of the ground breaking business plan we put together and the progress we made, though regrettably the re-start of operations could not happen as planned in 2022. I am a firm believer in the tremendous value that can be created by full-service carriers such as Jet Airways following bankruptcy re-structuring, and I know JKC is fully committed towards the revival of Jet Airways and wish them the very best,” he added.
Jet Airways shuttered operations in April 2019 and later went into insolvency proceedings.
