Aviation News

Arun Kashyap returns to SpiceJet as COO after short stint with Air India, ET Infra

Arun Kashyap

NEW DELHI: SpiceJet Ltd will see one of its former key executives return to the airline after a brief stint with Air India. Arun Kashyap, who had joined Air India from SpiceJet in May last year as Chief Technology Officer, now has come back to the low-cost carrier as Chief Operating Officer.

Kashyap was regarded as one of the key lieutenants of Ajay Singh-led SpiceJet and in his earlier role served as the airline’s chief program and transformation officer.

“I am delighted to welcome Arun back to the SpiceJet family. As COO, he will have a key role to play in the growth of the airline. With his experience and proven track record, I am confident he will do extremely well in his new role,” said Ajay Singh, Chairman and Managing Director, SpiceJet. Kashyap will assume his new responsibilities from June 12.

SpiceJet, which experienced a very precarious financial condition on account of Boeing 737 MAX grounding and due to covid, is seeing its financial health improve in recent times.

In February, aircraft lessor Carlyle Aviation Partner agreed to restructure over $100 million of the airline’s dues into equity shares with the latter picking up a 7.5% stake in the airline. The airline has also successfully hived off its air cargo business into a separate entity to unlock more value.

In Oct-Dec, the airline reported a net profit of Rs. 107 crore, up over four-fold from the year ago period.

  • Published On Apr 27, 2023 at 07:06 PM IST

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