SpiceJet to be transformed into professional carrier: CEO

New Delhi: Enthused by a 12 per cent growth in traffic in contrast to a decline in the aviation industry, the new CEO of SpiceJet Sanjay Aggarwal has said he would transform the airline from a casual business entity to a professionally-run company within a year.
"I have no benchmark in India... When I joined I found the attitude was 'Chalta hai' (casual). This is dangerous as there was no recognition for good work and no punishment for lapses...I will change it," he told PTI.
Asked, who he would like the Airline to be compared with and the time frame for the achievement, Aggarwal said, "I think Southwest Airlines (America) is the best in the business. I would like SpiceJet to be in that league... hopefully by our fifth anniversary i.e. May 2010."
Claiming that the airline, where he took charge as CEO in December as a representative of single-largest investor Wilbur Ross, was financially on a strong footing and that it was a debt free company, Aggarwal said that the target would be to grow organically by connecting more cities or routes for which various options are being explored.
Spicejet would also keep its eyes and options open for any possible acquisition, he said but added that such a possibility could come up only in the next 8-10 months.
17/05/09 Press Trust of India/Business Standard

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Categories: SpiceJet May 2009