SpiceJet on social media posts: Not aware of staff kin floating airline company
₹21 million and the total paid-up capital is ₹1 million. The available data mentions Meenakshi Kashyap and Ajay Bhatia as the two directors at the Sirius India Airlines. It is important to note that Meenakshi Kashyap is the wife of Arun Kashyap who is presently serving as the chief operating officer at SpiceJet.
In his second stint at the airline, Kashyap was appointed in April and reports to SpiceJet’s chairman and managing director Ajay Singh. Sirius India’s second director Ajay Bhatia is the husband of Shilpa Bhatia, currently employed as Chief Commercial Officer at SpiceJet. For Bhatia, this is her third stint at the airline and she oversees areas of revenue management, sales and network planning.
She also directly reports to Singh under the current designation. “This information was not known to the airline and to the CMD. So far, it has been determined that it is not a development which warrants action but discussions have taken place.
The exact motive for the formation of this new company is to known to SpiceJet as a company but it has been told to the concerned executives that they are required to keep the airline informed about any development, if and when, that take place related to Sirius India," an official told Mint on condition of anonymity. On Monday, SpiceJet shares witnessed an 11% decline, reaching ₹38.72 apiece, before ending 8.5% down at ₹39.89 per scrip on the BSE. The stock exchange had sought a clarification from the airline on the movement in share volume.
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