Jet Airways’ CEO-designate Sanjiv Kapoor has reportedly resigned from the airline, just a year after joining the company. Kapoor, a veteran of the aviation industry, has previously held leadership positions at airlines such as Vistara and SpiceJet.
Kapoor’s resignation comes as Jet Airways restarted its operations in India last year, following a hiatus of nearly two and a half years due to financial difficulties. Kapoor was appointed as CEO-designate with the aim of leading the airline’s revival and growth, and played a key role in the airline’s domestic operations, as it worked towards achieving the 20-aircraft mark required for it to begin flying international routes.
Jet Airways was one of India’s leading airlines before it ceased operations in April 2019. At the time, it was the only airline apart from Air India to have flights to the United States with wide-bodied Boeing aircraft. Prior to the shutdown, Jet Airways had the highest seating capacity for international flights among all airlines operating from India.
Despite Kapoor’s departure, Jet Airways has stated that it remains committed to its revival plans and that the airline’s management team will continue to execute its growth strategy. The company has not yet announced a replacement for Kapoor.
The airline industry in India has been severely impacted by the Covid-19 pandemic, with many airlines facing financial challenges. However, with the Indian government recently announcing a series of measures to support the industry, including a reduction in taxes and other financial incentives, there are hopes that the sector will see a gradual recovery in the coming months.
In conclusion, Kapoor’s resignation from Jet Airways is certainly a setback for the airline, but the company remains committed to its growth plans and the revival of its operations. It remains to be seen who will replace Kapoor as CEO-designate, and what impact this will have on the airline’s future prospects. Nonetheless, with the support of the Indian government and the gradual recovery of the aviation industry, there are reasons to remain optimistic about Jet Airways’ future.