Budget transporter SpiceJet on Friday said it had selected Ashish Kumar as its CFO. Kumar’s arrangement for the post is successful from September 9, SpiceJet said in an explanation. Kumar succeeds Sanjeev Taneja, who quit the striving transporter on August 31. Kumar worked as VP for corporate money at Interglobe Ventures before joining the Gurugram-based low-cost airline in January 2019, according to SpiceJet.
Already, he filled in as CFO at Interglobe Lodgings for a considerable length of time from 2014 to 2018, according to the assertion. Confronting a liquidity crunch, SpiceJet detailed a deficiency of Rs 784 crore for the quarter that ended June 30, contrasting with a deficiency of Rs 731 crore a year earlier. The organisation had likewise revealed a deficiency of Rs 485 crore for the quarter ended March.
Rebuilding SpiceJet and returning it to a path of quick development is the best work in the flying business today. Ashish’s insight and demonstrated history will guarantee that he can effectively lead this work,” said Ajay Singh, Executive and Overseeing Chief, SpiceJet.