Once faced with exodus, SpiceJet now attracts talent from rivals

The turnaround story of low-cost airline SpiceJet has not only been in financial terms, but even that of attracting fresh talents from the industry. In order to shelve threat from new airlines, the management is now planning to give ESOP option to high-performing executives.  “We are working on the modalities of ESOPs,    Share Market Astrology

The country’s second-largest low cost carrier (LCC) saw an exodus of executives, pilots and cabin crews as it faced a near death experience.According to industry sources, around 40 executives in the mid and senior level are set to join the airline from rival IndiGo.Saptarshi Bose, ex-senior manager of revenue management at IndiGo, who had earlier worked for SpiceJet have already made their comeback in a bigger role than earlier.   Nifty Trading Tips

Bose is back as general manager — revenue management and network planning. Pahuna Lal, who was a part of the team at IndiGo’s DRHP (Draft Red Herring Prospectus) filing, has taken charge as deputy head of corporate strategy and projectsHe has also decided to give greater roles to the loyal mid-level executives by promoting them to senior positions.   Jackpot Stocks Trading Tips

For instance, Kiran Koteshwar — an old timer at SpiceJet and has taken care of financial affairs at the company — has been designated as the chief financial officer.Sukanya Anbalagan, who was deputy general manager to human resources, has replaced Shalini Vohra to become the head of human resources department.    Commodity Market Astrology Tips