Conflict of Interest Concerns Arise Over Sirius India Airlines Pvt. Ltd Linked to SpiceJet Executives’ Spouses

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The spouses of two senior executives at SpiceJet, one of India’s prominent airlines, have raised conflict of interest concerns by registering Sirius India Airlines Pvt. Ltd. The executives involved are Arun Kashyap, Chief Operating Officer, and Shilpa Bhatia, Chief Commercial Officer.

Key points related to this development:

  1. Registration of Sirius India Airlines:
    • Meenakshi Kashyap, the wife of SpiceJet’s COO Arun Kashyap, and Ajay Bhatia, the husband of CCO Shilpa Bhatia, registered Sirius India Airlines Pvt. Ltd in mid-August.
    • The company, registered in North West Delhi, has an authorized share capital of INR 21 million and a total paid-up capital of INR 1 million.
  2. Stated Business Activity:
    • The primary business activity mentioned for Sirius India Airlines includes warehousing and aviation support activities.
    • Media speculation has arisen regarding the possibility of Sirius India Airlines being a potential airline startup.
  3. SpiceJet’s Response:
    • SpiceJet spokesperson stated that the airline was unaware of Sirius India Airlines’ incorporation until recently.
    • The spokesperson clarified that the registered company has remained inactive and has not undertaken any activity since registration.
  4. Executive Background:
    • Arun Kashyap has been SpiceJet’s COO since June 2023, previously working at Air India and having a tenure at SpiceJet since 2014.
    • Shilpa Bhatia, SpiceJet’s CCO since February 2020, has also been associated with SpiceJet since 2014, with a brief stint at IndiGo in late 2019.
  5. Company’s Future Activity:
    • The SpiceJet spokesperson emphasized that any future activity by Sirius India Airlines will be carried out only with the consent of SpiceJet Ltd.

For further details and updates, references to official statements and reliable news sources are recommended.

(Note: The information provided is based on available reports and publicly accessible sources as of the knowledge cutoff date in January 2022.)

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