SpiceJet appoints Sanjeev Kapoor as COO

New Delhi, Oct 31 (IANS) Budget carrier SpiceJet Thursday announced the appointment of aviation industry consultant Sanjeev Kapoor as chief operating officer effective from next month, nearly three months after its chief executive officer Neil Mills resigned.

Kapoor was earlier special advisor to the board of GMG Airlines, Bangladesh and has also been associated with consulting firms such as Bain & Company and Boston Consulting Group.

According to a company release, Kapoor was responsible for productivity improvement, cost control, customer satisfaction and service quality at GMG Airlines.

Kapoor's entry into the budget carrier follows the resignation of Niel Mills in July. Prior to Mills' resignation the airline's chief commercial officer Harish Moideen Kutty had also put in his papers.

Mills had been with the company since 2010 and was hired by Kalanithi Maran, the promoter of Sun Group, after buying a majority stake in the airline from non-resident Indian Bhulo Kansagra.

Kutty had resigned just days after the airline announced a loss of Rs.191 crore in 2012-13. The company is expected to declare the second quarter results on Nov 7, 2013.

The company had reported a 10 percent fall in net profit for the first quarter of this fiscal, which stood at Rs.50.55 crore from Rs.62.44 crore in the corresponding quarter of 2012-13.

SpiceJet had the fourth largest domestic market share of 17.3 percent in September after IndiGo, Air India and Jet Airways.

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