The Indian airline, Spicejet, has appointed Ashish Kumar as the Chief Financial Officer.
Spicejet announced that Ashish Kumar would be taking over as the company’s new chief financial officer on September 9th and that the change would become effective on the same day as the announcement. The previous Chief Financial Officer, Sanjeev Taneja, handed in his resignation to the company on the 31st of August, and he was informed by the company that the position would be filled in September of this year. Sanjeev Taneja’s last day on the job was the 31st.
Before assuming his current position, Ashish Kumar served as the vice president of corporate finance at Interglobe Enterprises and the chief financial officer at Interglobe Enterprises for a combined total of five years, beginning in 2014 and continuing through 2018. The airline claims that Kumar has over 26 years of experience working in a wide range of industries.
Ashish Kumar, who has a diverse range of credentials and a significant amount of experience, was the Head of Finance at Tata Value Homes from 2011 to 2014, and he held the same position at Suzlon Infrastructure from 2009 to 2010. Both of these positions were held by Ashish Kumar. According to the statement that was issued by the airline company, in the past, he has also worked with other well-known companies that belong to different industries, such as Reliance Infrastructure and Hindustan Petroleum. This information was provided in the statement that was issued by the airline company.
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In addition to his duties as company secretary and cost accountant, Ashish Kumar is also a qualified chartered accountant. He has held this triple role for the past several years. He received his Bachelor of Commerce degree with honors from St. Xavier’s College in Kolkata, as well as his Master of Commerce degree from the University of Kolkata. Both institutions are located in Kolkata. Both of these establishments can be found in the city of Kolkata.
Ajay Singh, chairman and managing director of SpiceJet, stated that he was pleased to have Kumar as a member of the airline company. Kumar joined SpiceJet in 2011. Reorganizing the company and assisting it in achieving rapid growth within the aviation industry in the modern world are two of their shared goals.
Ajay Singh spoke about the leadership qualities that Kumar possesses, such as his experience and track record, which have contributed to the growth of other businesses and ensured Kumar’s position as a leader. Ajay Singh also mentioned Kumar’s experience, which includes his time spent in the military. Singh extended his gratitude to Kumar before wishing him the best of luck in his new role and wishing him well.
Ashish Kumar, who has recently been promoted to the position of Chief Financial Officer at SpiceJet, has expressed his delight at having been allowed to work for the airline. He stated that he was interested in working under Ajay Singh’s direction to make a contribution to the growth of the company and to achieve a higher level of success in the achievement of their objectives.
Spicejet, an Indian airline that is well-known for its low fares and well-oiled operations, has a fleet that consists of a mix of freighters, Q-400s, and Boeing 737s. Spicejet is well-known for its affordable fares and well-oiled operations. SpiceXpress is the name of the dedicated air cargo service that the company runs, and the service is provided by the company. Not only does SpiceXpress provide its customers with a dependable, on-time, and secure cargo service in India, but it also provides this service internationally. This service is offered both within the country and on an international scale.
On August 31, Delhi-based low-cost airline SpiceJet reported a net loss of ₹789 crore ( ₹420 crore, excluding forex adjustment) for the quarter ending June 30, 2022 as compared to a net loss of ₹729 crore in the quarter ending 30 June, 2021, as business was severely impacted by record-high fuel prices and a depreciating rupee.
On Friday, September 9, 2022, at the close of trading, the price of a share of SpiceJet was recorded at Rs 45.60, indicating a gain of 2.34% over the day. A higher consolidated net loss was posted by the airline for the first quarter of FY23, which was Rs 783.73 crore. This is an increase from the net loss that was posted for the first quarter of FY22, which was Rs 731.12 crore.
