New Delhi, August 27: Ajay Singh, one of the founder directors of Spicejet, has left the board of the low-cost airline, paving the way for restructuring of the company by its new owner Kalanithi Maran, the promoter of Sun TV.
The company, in its annual general meeting (AGM) held today, also announced that along with Singh, another director of Spicejet Ltd, Atul Sharma, has decided to leave the company.
“One of the agenda items of the Annual General Meeting (AGM) was about Ajay Singh and Atul Sharma leaving the company board. They have been our directors for a long time. We appreciate their contribution,” Spicejet interim CEO Kishore Gupta told reporters after the AGM.
Singh, along with London-based NRI Bhupendra Kansagra, set up the second largest domestic no-frills carrier in 2005.
He is likely to keep his 4.
–Agencies