According to an Economic Times report, SpiceJet on Thursday appointed Sanjiv Kapoor, a former leader of the airline practice at Bain & Co and director at Temasek Holdings, to head the budget airline at a time when it's on the lookout for a strategic investor and ways to shore up its finances.
The report mentions a source as saying that Kapoor, who joins SpiceJet three months after its last CEO Neil Mills left, was chosen from five shortlisted candidates, only one of whom had former experience as a foreign airline executive. The rest were from other industries, one of the persons said.
SpiceJet has also shortlisted a candidate for the position of chief commercial officer and will appoint him in the next few weeks, the person said. Kapoor joins SpiceJet as the airline struggles for funds and copes with constantly rising input costs, a slowdown in domestic travel and cutthroat competition from existing and incoming carriers.
Read the complete report here