SpiceJet appoints Ashish Kumar as Chief Financial Officer

Advertisment

SpiceJet appoints Ashish Kumar as Chief Financial Officer

SpiceJet appoints Ashish Kumar as Chief Financial Officer

Mumbai-

SpiceJet said on Friday it has appointed Ashish Kumar as its chief financial officer.

SpiceJet said in a statement that the appointment of Mr. Kumar to the position is effective from September 9.

He succeeds Sanjeev Taneja, who left the struggling carrier on August 31.

SpiceJet said before joining the Gurugram-based low-cost airline, Mr. Kumar had been Vice President of Corporate Finance at Interglobe Enterprises since January 2019.

Previously, he held the position of CFO at Interglobe Hotels for five years from 2014 to 2018, according to the statement.

Facing a liquidity crunch, SpiceJet reported a loss of Rs 784 crore for the quarter ended June 30, compared to a loss of Rs 731 crore a year earlier.

The company also reported a loss of Rs 485 crore for the quarter ended March.

“Restructuring SpiceJet and returning it to its rapid growth trajectory is the best job in the aviation industry today. Ashish’s experience and track record will ensure that he is able to successfully lead this effort,” said Ajay Singh, Chairman and Managing Director of SpiceJet. .

Read Also:   India bans the export of broken rice, after imposing a 20% export tax on non-basmati rice