Arun Kashyap is appointed as SpiceJet's Chief Operating Officer

Arun Kashyap has been appointed as SpiceJet's Chief Operating Officer the airline company said on Thursday.

Arun Kashyap's appointment will take effect on June 12 and he will answer to the Airline's Chairman and Managing Director Ajay Singh. In a release SpiceJet stated.

From Air India where he serves as Chief Technical Officer he will return to SpiceJet. He formerly held the position of Chief Programme & Transformation Officer at SpiceJet.

Additionally, he has worked for Oman Air, Jet Airways and Flydubai.

"I'm pleased to have Arun join the SpiceJet family once more. He will play a significant part in the airline's development as COO. Given his education, track record, and skills, I have no doubt he will excel in his new position. He responded, "I wish him the best," Singh remarked.

Lender Credit Suisse charged plagued domestic carrier SpiceJet of failing to pay dues that were agreed upon in a settlement when it filed a contempt suit against the airline in the Supreme Court on Friday.

Despite agreeing to hear the case on May 17th a bench led by Judges A.S. Bopanna and Hima Kohli did not give the airline any warning. According to the petition, the two corporations struck agreement conditions and resolved a protracted dispute in May 2022.

SpiceJet claims that the Reserve Bank of India must approve the settlement amount before the airline can start making payments as planned. It informed the court that the payment for April was made on time, and that the payment for May will also be made on time.

The legal dispute began in November 2011 when SR Technics a Swiss Maintenance, Repair and Overhauling Service Company, signed a 10-year contract with the Ajay Singh-led airline for aircraft servicing and maintenance.

In order to pay the debt, SpiceJet issued seven bills of exchange as well to the Swiss company issuing invoices. SR Technics officially granted Credit Suisse the power to collect payments from the SpiceJet agreement in September 2012. However, the airline failed to make payments totaling more than $24 million, which prompted Credit Suisse to seek the Madras High Court in 2021 to wound up SpiceJet.

The company's stock closed the day on Thursday 0.45% down at 31.12 on the BSE.