SpiceJet's Shilpa Bhatia and Arun Kashyap resign

Shilpa Bhatia and Arun Kashyap, who are likely to start their own charter airline business, March 31 will be their last working day at SpiceJet.

By  Storyboard18| March 12, 2024, 12:25:54 IST
SpiceJet to induct 10 aircraft by next month

Amidst SpiceJet's revival attempt, Shilpa Bhatia, chief commercial officer, and Arun Kashyap, chief operating officer have resigned.

Bhatia and Kashyap, who are likely to start their own charter airline business, as per ET, March 31 will be their last working day.

In 2022, Kashyap had joined Air India as chief transformation officer. He joined back Spice Jet in less than a year, stated the report. Earlier, he was the chief program and transformation officer of the low-cost airline. His experience spans across Jet Airways and Oman Air.

In February, SpiceJet announced its plan to cut down on its workforce. Around 1,400 employees, which constitutes 15 percent of the total workforce are likely to be given the pink slip.

Confirmed by SpiceJet officials, the layoffs are for aligning company wide costs with operational requirements. This move comes in the wake of a salary bill of Rs 60 crore, which the cash-strapped company is struggling with.

First Published onMarch 12, 2024, 12:25:54 IST

SPOTLIGHT

Special CoverageCalling India’s Boldest Brand Makers: Entries Open for the Storyboard18 Awards for Creativity

From purpose-driven work and narrative-rich brand films to AI-enabled ideas and creator-led collaborations, the awards reflect the full spectrum of modern creativity.

Read More

Storyboard18 Awards for Creativity assemble India’s most prestigious jury

The Storyboard18 Awards for Creativity have unveiled a Grand Jury comprising some of India’s most influential leaders across advertising, business, policy and culture, positioning it among the country’s most prestigious creative award platforms.