• By JE Business Desk
  • Fri, 28 Apr 2023 09:43 PM (IST)
  • Source:JND

JET Airways CEO Designate Sanjiv Kapoor quit the grounded airline on Friday, PTI cited a source as saying.

Reportedly, Friday was the last working day of Kapoor, who joined the airline as the Chief Executive Officer in April last year.

Meanwhile, Kapoor also spoke about his resignation and tweeted, "A team came together to create history, to do something that has never been done in India - revive a shuttered airline. The team was exceptional. The business plan is fantastic. JKC is doing its best and remains fully committed. I wish them the very best." Along with the post, he also shared an official press release by 'Kalrock Capital Management'.

In an official statement, Ankit Jalan, Board Member stated that JKC (Jalan Kalrock Consortium) will be announcing the new CEO for Jet Airways shortly. He also wished luck to Kapoor for future endeavors.

"Sanjiv joined us in April 2022 to spearhead the revival of Jet Airways, and drove the business and launch plan as we prepared to re-start the commercial operations of Jet Airways. JKC is grateful to Sanjiv for his contribution to the launch plans of Jet Airways during his time with us and we wish him the very best for his future endeavors," he was quoted as saying in the press release.

"JKC will be announcing the new CEO for Jet Airways shortly. The revival of Jet Airways is through a Court Approved Process, which has taken more time than originally estimated by us, but needless to say JKC is committed to the revival of Jet Airways. We are in the last leg of closing the transfer of ownership of Jet Airways to JKC, subsequent to which we will settle outstanding amounts payable to previous creditors as per our approved Resolution Plan and shall, soon thereafter, recommence the commercial operations of Jet Airways as per our re-launch plans," he added.

Meanwhile, 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. It is not an ordinary airline we set out to revive - it is Jet Airways was one of the most loved airlines in India for the last 25 years it operated before ceasing operations in 2019. 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."

He further mentioned, "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. Consumers in a market as large as India need a choice of full-service carriers, and I look forward to seeing Jet Airways back in the skies again soon!"