SpiceJet receives approval for appointment of Ajay Singh as MD
Q. SpiceJet has received shareholder approval for the appointment of which executive as its MD?- Published on 08 Oct 15a. Abhay Singh
b. Ajay Singh
c. Sanjiv Kapoor
d. None of the above
ANSWER: Ajay Singh
Low cost carrier SpiceJet has received shareholder approval for appointment of Ajay Singh as MD by the board for a 3 year period. The shareholders gave the approval through a postal ballot. Singh was the original co founder of the airlines. He gained 58.46% stake from promoters Kalanithi Maran and Kal Airways Pvt Ltd to return to the fold.