SpiceJet appoints Ashish Kumar as CFO

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SpiceJet appoints Ashish Kumar as CFO
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SpiceJet appoints Ashish Kumar as CFO

Mumbai:

Low-cost airline SpiceJet announced on Friday that it has appointed Ashish Kumar as chief financial officer.

Mr. Kumar’s appointment to the post is effective from September 9, SpiceJet said in a statement.

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

Prior to joining the Gurugram-based low-cost airline, Mr Kumar served as vice president of corporate finance at Interglobe Enterprises since January 2019, SpiceJet said.

Previously, he served as chief financial officer at Interglobe Hotels for five years from 2014 to 2018, according to the statement.

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

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

“Restructuring SpiceJet and putting it back on a path of rapid growth is the best job in the aviation industry today. Ashish’s experience and track record will enable him to successfully lead this effort,” said Ajay Singh, Chairman and CEO of SpiceJet. .

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