Spicejet has appointed Ashish Kumar as Chief Financial Officer (CFO) of the company, with effect from September 9, 2022. Prior to this role, Kumar served as the vice president (head) of corporate finance at Interglobe Enterprises. Previously, he served as chief financial officer at Interglobe Hotels for five years from 2014 to 2018, it added.…
SpiceJet, the countryʹs favourite airline and the largest regional player, has signed a Memorandum of Understanding (MoU) with Avenue Capital Group, New York for a strategic alliance in respect of the financing, acquisition and sale and lease‐back of 50 new planes to be ordered by the airline. The MoU sets out the next steps and…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
The spread of Covid-19 has impacted the aviation sector really hard. When the story unfolded Cathay Pacific was one of the first ones ( early Feb 2020) to announce cost cutting measures in form of unpaid leave for 27,000 of its employees. We are only two months down and it seems all big and small…
Shilpa Bhatia, a former SpiceJet executive has recently announced that she will be rejoining the company as its Chief Commercial Officer, after a five-month brief stint with IndiGo. SpiceJet through a press release announced her comeback and also said that “this is Shilpa’s third stint with SpiceJet.” Shilpa joined IndiGo in August 2019 after quitting…
SpiceJet, seems to have lost its third CEO is last 5 years. There are unconfirmed rumours about the departure of Niel Mills from the role of CEO. It is reported that the management of Spice Jet is yet to accept the resignation. His exit may be linked to some differences with promoters Kalanithi Maran. It…