<p>SpiceJet Chief Operating Officer (COO) Sanjiv Kapoor on Thursday resigned after a two-year tumultuous tenure that witnessed a near closure of the low-cost airline. <br /><br /></p>.<p>The resignation of Kapoor, who will have his last working day in SpiceJet on Friday, comes almost nine months after original promoter Ajay Singh bought back shares from Kalanidhi Maran-led Sun Group. Kapoor (48) is speculated to join a domestic airline soon. <br /><br />In a filing in Bombay Stock Exchange, SpiceJet said Kapoor would be leaving the company effective October 31, after two years with the organisation. Kapoor’s resignation comes a year before the expiry of his contract with the airline. Kapoor, who steered the airlines with a number of flash sales, was appointed COO in November 2013, by Maran. <br /><br />As soon as Singh took over the reins of the airline, there was speculation that Kapoor is on his way out, as the promoter wanted his own men in crucial positions. Some top officials like Chief Commercial Officer Kanneswaran Avili, who was handpicked by Kapoor, had quit soon after the change in management following financial troubles, which almost consumed the airline last year. <br /><br />Singh reportedly was not in favour of Kapoor's strategy of flash sales. Several industry watchers had also criticised Kapoor on flash sales, saying it was not a viable option. <br /><br />However, the parting of ways does not appear to be acrimonious, as Kapoor had represented the airline at a function in Dubai very recently. <br /><br />During Kapoor's tenure, the airline witnessed a string of financial losses and a near closure in December last year. However, the situation changed after Singh took over the airlines after buying back the shares from Sun Group. <br /><br />The role of Kapoor, who was previously CEO of GMG Airlines of Bangladesh and leader of airline practice at global consultancy Bain, in SpiceJet had diminished after Singh's take over.<br /></p>
<p>SpiceJet Chief Operating Officer (COO) Sanjiv Kapoor on Thursday resigned after a two-year tumultuous tenure that witnessed a near closure of the low-cost airline. <br /><br /></p>.<p>The resignation of Kapoor, who will have his last working day in SpiceJet on Friday, comes almost nine months after original promoter Ajay Singh bought back shares from Kalanidhi Maran-led Sun Group. Kapoor (48) is speculated to join a domestic airline soon. <br /><br />In a filing in Bombay Stock Exchange, SpiceJet said Kapoor would be leaving the company effective October 31, after two years with the organisation. Kapoor’s resignation comes a year before the expiry of his contract with the airline. Kapoor, who steered the airlines with a number of flash sales, was appointed COO in November 2013, by Maran. <br /><br />As soon as Singh took over the reins of the airline, there was speculation that Kapoor is on his way out, as the promoter wanted his own men in crucial positions. Some top officials like Chief Commercial Officer Kanneswaran Avili, who was handpicked by Kapoor, had quit soon after the change in management following financial troubles, which almost consumed the airline last year. <br /><br />Singh reportedly was not in favour of Kapoor's strategy of flash sales. Several industry watchers had also criticised Kapoor on flash sales, saying it was not a viable option. <br /><br />However, the parting of ways does not appear to be acrimonious, as Kapoor had represented the airline at a function in Dubai very recently. <br /><br />During Kapoor's tenure, the airline witnessed a string of financial losses and a near closure in December last year. However, the situation changed after Singh took over the airlines after buying back the shares from Sun Group. <br /><br />The role of Kapoor, who was previously CEO of GMG Airlines of Bangladesh and leader of airline practice at global consultancy Bain, in SpiceJet had diminished after Singh's take over.<br /></p>
