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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As much as he would like to convince investors about the airline’s prospects, it’s increasingly clear the low-cost carrier is just about managing to stay afloat.
How long can a turnaround narrative last? The question hangs over SpiceJet as Ajay Singh marks 11 years since his dramatic return to the airline.
Singh first acquired ModiLuft in 2004 and transformed it into SpiceJet. In 2010, he sold the airline to Kalanithi Maran of the Sun Group, only to stage a comeback in January 2015 when SpiceJet was teetering under mounting losses and negative net worth. The impact was immediate: the airline returned to profitability and stayed there for the next three years, reinforcing Singh’s image as the architect of a remarkable revival.
But the years since—particularly after …
As the low-cost carrier pushes through a compensation overhaul, the absence of a CEO is complicating a delicate moment.
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
