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GURUGRAM, April 20, 2018: India’s favourite airline, SpiceJet, was
honoured with the ‘BML Munjal Awards 2018’ for ‘Business Excellence through Learning
and Development’ at a grand awards banquet held at Taj Palace, New Delhi on April 19,
2018. Ajay Singh, Chairman and Managing Director, SpiceJet, received the prestigious
award from Shri Pranab Mukherjee, the former President of India.
The awards are named after the late Hero Group Chairman and Padma Bhushan Awardee Dr.
Brijmohan Lall Munjal. The annual BML Munjal Awards recognize organizations that have
successfully deployed programs and implemented innovative strategies, processes and
systems for learning and development, using people development as a tool to achieve
Business Excellence.
SpiceJet was awarded for exceptional innovation undertaken towards achieving enhanced
customer satisfaction and operational efficiency. Focused initiatives like emphasis on
consistency in service delivery and customer retention, resulted in enhanced brand
loyalty, while the airline’s pursuit for operational efficiency helped it achieve a
breakthrough of reducing fuel burn on every flight by 2%.
“I am honoured to receive this award. This is a recognition of SpiceJet’s spectacular
comeback and remarkable performance. We have achieved what very few airlines in the
world have managed and I share this award with each and every SpiceJetter who has been
a part of this magnificent journey,” said Mr. Ajay Singh, CMD, SpiceJet.
SpiceJet, under the leadership of Ajay Singh, has scripted one of the most remarkable
turnaround stories of recent times. From staring at an imminent closure to achieving 12
quarters of profit and a load factor of over 90% every month for 35 months in a row (a
global aviation record), SpiceJet’s turnaround story 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.
A distinguished ten-member Jury Panel, which comprised eminent names like Mr. Arun
Kumar, Chairman & CEO, KPMG India, Mr. B. Ashok, CMD, Indian Oil Corporation, Mr. R.C.
Bhargava, Chairman, Maruti Suzuki, Mr. Ashish Kumar Chauhan, MD & CEO, BSE Limited, Mr.
D K Sarraf, CMD, ONGC LTD. and Mr. T.V. Mohandas Pai, Chairman, Manipal Global
Education selected the winners.
The first quarter of 2018 saw the airline acknowledged with lead industry titles and
recognitions such as the ‘CAPA Chairman’s Order of Merit for Excellence in Indian
Aviation Award’ and ‘EY Entrepreneur of the year 2017 for Business Transformation’
presented to Mr. Ajay Singh besides SpiceJet being conferred with India’s ‘Best
Domestic Airline’ Award at Wings India 2018.
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