Pay package of SpiceJet chairman Ajay Singh jumped to a three-year high during FY23 notwithstanding the second biggest loss in the airline’s history posted during the same year. The Gurugram-based low-cost carrier paid Rs 6 crore to its chairman and managing director during FY23, which is the highest since FY20 or the pre-pandemic year.
The company also paid Rs 1.8 crore to Singh during the same year, defined as ‘outstanding remuneration’ for FY22, thereby bringing the total for the year FY23 to Rs 8 crore, which is the highest since FY18, data from SpiceJet’s annual reports show.
