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Ajay Singh named ‘EY Entrepreneur of the year 2017 for Business Transformation’
  • February 2018


Widely acknowledged as a turnaround specialist- Ajay Singh Chairman and Managing Director SpiceJet was named ‘Indian Entrepreneur of the Year 2017 for Business Transformation’ by Ernst & Young (EY), the leading consulting firm, at a grand awards banquet held in Mumbai on 15th February 2018.

Mr. Singh’s novel and out-of-the-box ideas have not just earned him global recognition but he is today the face of the Indian aviation industry and has scripted one of the most remarkable turnaround stories of recent times. SpiceJet was on the verge of shutting down in December 2014, having cancelled hundreds of flights, when Mr. Singh stepped in and gave it a new lease of life.

From staring at an imminent closure to achieving 12 quarters of profit and a load factor of over 90% every month for 33 months in a row (a global aviation record), SpiceJet’s turnaround story under the leadership of Ajay Singh, has been one which probably has no parallel in the aviation world today. The SpiceJet stock has emerged as world’s best-performing aviation stock.

“I feel humbled and honoured to receive this award, which is a testament of the hard work put in by Team SpiceJet. We have achieved what very few airlines in the world have managed and this has been a magnificent journey. This award belongs to each and every SpiceJetter who has worked with such great passion and dedication in the last three years,” said Ajay Singh, CMD, SpiceJet.

Under Mr. Singh, SpiceJet -India’s second biggest budget carrier —today flies more than 400 daily flights.With the grand scheme of making every Indian fly, he has been on a constant pursuit to unlock the growth potential of Tier II and Tier III towns in the country.

 







Tourism India, India' s Travel & Tourism Magazine, Kerala , India


 

 
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