Bangalore: Kingfisher Airlines Chief Executive Officer Sanjay Aggarwal has quit after three and a half years at the Vijay Mallya-led air carrier. His exit comes even as the airline has failed to provide any update on the unnamed investor reportedly interested in the airline. The airline had earlier said a deal was likely by January.
Meanwhile, Sashikar Enterprises, a UB Group affiliate company, has started buying shares of the airline; as of December 30, it had about two per cent in the grounded air carrier. Headquartered in Bangalore, Sashikar is the cloth making arm of the group under the UB Global umbrella.
Sources said Aggarwal had resigned before September last year but stayed on at Chairman Mallya’s request. They said Aggarwal, a much sought-after name in the aviation sector, has decided to move to the US after leaving the airline.
18/02/14 Business Standard
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Meanwhile, Sashikar Enterprises, a UB Group affiliate company, has started buying shares of the airline; as of December 30, it had about two per cent in the grounded air carrier. Headquartered in Bangalore, Sashikar is the cloth making arm of the group under the UB Global umbrella.
Sources said Aggarwal had resigned before September last year but stayed on at Chairman Mallya’s request. They said Aggarwal, a much sought-after name in the aviation sector, has decided to move to the US after leaving the airline.
18/02/14 Business Standard
