SpiceJet may elevate Sanjiv Kapoor as CEO
Low fare carrier SpiceJet will shortly appoint its current chief operating officer Sanjiv Kapoor as its chief executive, two persons with direct knowledge said on Wednesday. Kapoor is responsible for making aggressive changes to the airline's operations, fronting fare wars and overhauling the top management. Under Kapoor's leadership, SpiceJet slashed prices by 50% in January forcing other airlines to follow and more recently announced Rs 1 base fares across sectors, a move which an angry aviation regulator called the promotion of "predatory" pricing.
Read the Economic Times news report here.