Sanjiv Kapoor to remain CEO-designate of Jet Airways
2 years ago

Sanjiv Kapoor to remain CEO-designate of Jet Airways

Live Mint  

Grounded carrier Jet Airways on Monday said Sanjiv Kapoor remains the CEO-designate of the company till the airline's ownership is transferred to the consortium by the lenders. Earlier CNBCTV18 reported that head of the Jet Airways management committee and erstwhile Resolution Professional Ashish Chhawchharia in a notice to Kapoor has asked him to refrain from using the title of CEO of the airline. "Sanjiv Kapoor has been designated as the CEO of the to-be revived Jet Airways by JKC after receipt of his security clearance from the Ministry of Civil Aviation, Government of India. The airline's air operator certificate was revalidated by aviation safety regulator DGCA in May this year following which it announced its plans to recommence operations in September 2022 but later pushed the relaunch date further.

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History of this topic

Jet Airways: Jalan-Kalrock Consortium Soars High with Rs 100 Crore Infusion, Signals Hope for Revival
1 year, 3 months ago

Jet Airways: Jalan-Kalrock Consortium Soars High with Rs 100 Crore Infusion, Signals Hope for Revival

News 18  

In a remarkable turn of events, Jalan Kalrock Consortium has made a significant announcement that has reignited hopes for the revival of Jet Airways, once a prominent player in the Indian aviation industry. The consortium’s unwavering determination to revive Jet Airways remains a ray of hope for aviation enthusiasts and travelers alike. In recent years, the industry has faced numerous …

Jet Airways Gets Renewal of Its Air Operator Certificate From DGCA
1 year, 5 months ago

Jet Airways Gets Renewal of Its Air Operator Certificate From DGCA

News 18  

Jet Airways on Monday got a renewal for the Airport Operator Certificate from the Directorate General of Civil Aviation, the company said in a press release. The applicant Jalan-Kalrock Consortium was confident that this renewal will pave the way for the grounded passenger carrier to revive its services in India The renewal of AOC revalidates the confidence of the aviation …

Uncertainty Continues Over Jet Airways Permit to Fly Again, Validity Expired
1 year, 7 months ago

Uncertainty Continues Over Jet Airways Permit to Fly Again, Validity Expired

News 18  

Uncertainty continues over the revival of grounded Jet Airways as the validity of the airline’s air operator’s certificate expires on Friday. There was no word from the Jalan Kalrock Consortium, which emerged as the winning bidder for the carrier under the insolvency resolution proceedings, on the status of the airline’s flying permit. The Air Operator’s Certificate of the airline, which …

Former Jet Airways CEO Sanjiv Kapoor joins Saudia Group airlines
1 year, 7 months ago

Former Jet Airways CEO Sanjiv Kapoor joins Saudia Group airlines

Hindustan Times  

Sanjiv Kapoor, the former CEO-designate of Jet Airways, on Wednesday announced his new role as an advisor to the director general of Saudia Group, Saudi Arabia's national airline. Former Jet Airways CEO Sanjiv Kapoor “I am thrilled to share that I have joined the Saudia Group as Advisor to His Excellency Ibrahim Al-Omar, Director General of the Group,” he wrote …

Jet Airways Relaunch Remains Uncertain as Jalan-Kalrock Seeks More Time to Pay Lenders
1 year, 7 months ago

Jet Airways Relaunch Remains Uncertain as Jalan-Kalrock Seeks More Time to Pay Lenders

News 18  

The indefinite wait to see Jet Airways back in the skies continues for a while longer. Jalan-Kalrock consortium, who won the bid to takeover and restart the airline informed India’s bankruptcy court that it needs more time to repay creditors and implement the resolution plan. According to the January 13 verdict of the NCLT, the consortium is supposed to make …

Jet Airways CEO-designate Sanjiv Kapoor quits
1 year, 8 months ago

Jet Airways CEO-designate Sanjiv Kapoor quits

Live Mint  

Grounded airline Jet Airways' CEO-designate Sanjiv Kapoor quit the airline, an official statement confirmed. The Jalan Kalrock Consortium today announced that Sanjiv Kapoor, Chief Executive Officer-designate for Jet Airways, is departing the company effective Monday, May 1, on the conclusion of his notice period," the airline said in a statement. Controversy over Jet Airways CEO title The Jalan-Kalrock consortium and …

No more approval required for Kapoor to be Jet Airways CEO designate
2 years ago

No more approval required for Kapoor to be Jet Airways CEO designate

Live Mint  

NEW DELHI: The appointment of Sanjiv Kapoor as the chief executive officer designate of Jet Airways requires no further approval from any statutory authority, the winning bidder of the airline, Jalan-Kalrock consortium, has said in writing to resolution professional Ashish Chhawchharia. The consortium requested the resolution professional to share a copy of the relevant minutes of the meeting where the …

Kapoor is the CEO-designate, not CEO: Jet panel
2 years ago

Kapoor is the CEO-designate, not CEO: Jet panel

Live Mint  

The monitoring committee of Jet Airways has sent a notice to Sanjiv Kapoor questioning his designation as the chief executive officer of the airline, two officials said. As the ownership of the airline has not been transferred yet to the winning bidder, the Jalan-Kalrock consortium, the panel objected to statements made by Kapoor as the airline’s CEO, and said that …

Why Jet Airways 2.0 has yet to take off
2 years, 1 month ago

Why Jet Airways 2.0 has yet to take off

Live Mint  

Seventeen months since the National Company Law Tribunal approved the resolution plan for Jet Airways, the airline is yet to return to service. The consortium has deposited bank guarantees worth ₹150 crore, and says it will invest further only after the next steps of the resolution plan are fulfilled in terms of handover of the company. The resolution plan says …

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay
2 years, 1 month ago

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay

Hindustan Times  

Once a celebrated airline, Indian carrier Jet Airways has hit another roadblock ahead of its relaunch, leaving many of its employees with reduced salaries and on leave without pay. ‘Team working to revive’ Clearing the air about numbers and figures circulating on the internet, Kapoor said that only a small portion of the total employees – less than 10 per …

'Nothing like home', says Jet Airways, calls on ex-crew to return
2 years, 6 months ago

'Nothing like home', says Jet Airways, calls on ex-crew to return

Hindustan Times  

Jet Airways on Friday took another step towards resuming operations as it asked former cabin crew to come back 'home'. Inviting former Jet Airways cabin crew to come back and join us in relaunching India's classiest airline," the airline, which halted operations in 2019 and is scheduled to fly again later this year, said. Moments later, chief executive officer Sanjiv …

Jet Airways takes to the skies after three years: What’s in store for the once-bankrupt airline?
2 years, 8 months ago

Jet Airways takes to the skies after three years: What’s in store for the once-bankrupt airline?

Firstpost  

Jet Airways has already hired over 200 people across major operations, including former SpiceJet and Vistara executive Sanjiv Kapoor as its CEO. The airline plans to start operations in the September quarter of this year A Jet Airways test flight took to the skies on Thursday from Hyderabad Airport for the first time after a hiatus of three years. The …

Jet Airways takes to the skies again with a test flight | Watch video
2 years, 8 months ago

Jet Airways takes to the skies again with a test flight | Watch video

India Today  

Jet Airways on Thursday took to the skies again after a hiatus of more than three years. An emotional day for all of us who have been waiting, working, and praying for this day, as well as for Jet's loyal customers who can't wait for Jet to commence operations again," Jet Airways said. An emotional day for all of us …

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details
2 years, 9 months ago

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details

India Today  

Jet Airways is gearing up to take to Indian skies by October 2022, airline Chief Executive Officer Sanjiv Kapoor said. FACILITIES FOR FLYERS Newly appointed CEO Sanjiv Kapoor said that Jet Airways will offer two-class facilities for flyers as part of the airline's plan to return with a hybrid of no-frills and premium services. Kapoor said Jet Airways has 200 …

Aviation Veteran Sanjiv Kapoor Appointed as Jet Airways Chief Executive Officer
2 years, 10 months ago

Aviation Veteran Sanjiv Kapoor Appointed as Jet Airways Chief Executive Officer

The Quint  

Kapoor was earlier also a part of SpiceJet. "I am certain he will be able to lead Jet Airways and make it become the most preferred full-service carrier of India. Sanjiv is a seasoned aviation professional who has the right blend and demeanour to stitch a team together," said Murari Lal Jalan, Lead Partner of the Jalan-Kalrock Consortium and proposed …

Meet Sanjiv Kapoor: Ex Vistara, SpiceJet official is Jet Airways' pick to take airline to the skies again
2 years, 10 months ago

Meet Sanjiv Kapoor: Ex Vistara, SpiceJet official is Jet Airways' pick to take airline to the skies again

India Today  

Jet Airways is all set to get a new Chief Executive Officer as Jalan Kalrock Consortium on Friday announced the appointment of Sanjiv Kapoor for the pivotal role. "Working together with a very strong team of experienced aviation professionals that is being put together by the Jalan-Kalrock Consortium, I look forward to leading the charge in rebuilding Jet Airways into …

Jet Airways appoints Sanjiv Kapoor as CEO
2 years, 10 months ago

Jet Airways appoints Sanjiv Kapoor as CEO

India Today  

Jet Airways on Friday appointed Sanjiv Kapoor as Chief executive officer. WILL TAKE JET AIRWAYS TO THE SKIES AGAIN Speaking on his accepting the role as the Chief Executive Officer, Kapoor said, "I am looking forward to getting back to aviation, an industry I am passionate about, with Jet Airways, one of the warmest, classiest and most loved brands to …

Kalrock-Jalan cleared to restart Jet
3 years, 6 months ago

Kalrock-Jalan cleared to restart Jet

The Hindu  

The National Company Law Tribunal, Mumbai, on Tuesday approved the resolution plan of Kalrock Capital and entrepreneur Murari Lal Jalan for the revival of Jet Airways two years after the airline shut down operations due to a cash crunch. “The Consortium maintains its stand that it wants to work alongside the Ministry of Civil Aviation, the Directorate General of Civil …

Jalan Kalrock Consortium expects to restart Jet Airways in 4-6 months after NCLT nod
3 years, 10 months ago

Jalan Kalrock Consortium expects to restart Jet Airways in 4-6 months after NCLT nod

Live Mint  

Jalan Kalrock Consortium, the winning bidder for Jet Airways, expects to restart operations of the defunct airline in four to six months after receiving approval from the NCLT for its resolution plan. Against the backdrop of the National Company Law Tribunal likely to take a final call on the resolution plan for the airline, the winning consortium's lead member Murari …

Jet Airways May Fly Again Early Next Year As New Management Takes Charge of Airline
4 years, 2 months ago

Jet Airways May Fly Again Early Next Year As New Management Takes Charge of Airline

News 18  

The much-awaited Jet Airways’ resolution is finally heading towards a success, with the resolution plan of Kalrock Capital and Murari Lal Jalan having been approved by the Committee of Crediors. Now, after the resolution process has been completed and the Kalrock-led consortium takes over the airline, the first task would be to retrieve its slots which were temporarily distributed among …

4 Jet Airways officials resign in a day, after CEO it's airline's CPO
5 years, 7 months ago

4 Jet Airways officials resign in a day, after CEO it's airline's CPO

India Today  

Jet Airways CEO Vinay Dube resigned from the services of Jet Airways with immediate effect citing personal reasons. In a filing to stock exchanges, Jet Airways said that Vinay Dube has "resigned from the services of the company with immediate effect due to personal reasons". Earlier, Jet Airways's Deputy Chief Executive Officer and Chief Financial Officer Amit Agarwal had also …

Jet Airways CEO says all jobs can't be secured during sale process; has 'no answer' for fate of over 20,000 employees
5 years, 8 months ago

Jet Airways CEO says all jobs can't be secured during sale process; has 'no answer' for fate of over 20,000 employees

Firstpost  

Mumbai: Hinting at job losses going forward, grounded carrier Jet Airways chief executive Vinay Dube on Wednesday said the airline does not have an “answer” at present on the fate of its 20,000-odd employees during the stake sale process. The SBI-led consortium of lenders has offered prospective bidders ownership of the airline anywhere between 31.2 percent and 75 for which …

Jet Airways lenders working on revival, no final decision yet: PNB managing director Sunil Mehta
5 years, 8 months ago

Jet Airways lenders working on revival, no final decision yet: PNB managing director Sunil Mehta

Firstpost  

New Delhi: Lenders to the cash-strapped Jet Airways are committed to reviving the air carrier but nothing has been finalised yet, Punjab National Bank Managing Director Sunil Mehta said on Tuesday. On Monday, SBI said the bid process for the orderly sale of equity in Jet Airways is currently being run by SBI Caps and is being vetted by the …

Expect to find a buyer for Jet Airways by 31 May: SBI chairman Rajnish Kumar
5 years, 9 months ago

Expect to find a buyer for Jet Airways by 31 May: SBI chairman Rajnish Kumar

Live Mint  

New Delhi: State Bank of India on Monday said that it expects investors for the cash-strapped Jet Airways Ltd by the end of May and founder Naresh Goyal has option of increasing his stake in the beleaguered airline to beyond 25% in the future. Naresh Goyal resigned as chairman of Jet Airways on Monday, two decades after he started the …

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