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HomeIndiaJet Airways CEO Vinay Dube quits within hours of CFO leaving

Jet Airways CEO Vinay Dube quits within hours of CFO leaving

A Jet Airways statement said the two executives -- Vinay Dube and Amit Agarwal -- were leaving the company with immediate effect.

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New Delhi: Debt-laden Jet Airways’ Chief Executive Officer Vinay Dube and Chief Financial Officer Amit Agarwal have resigned from their positions, the company said on Tuesday.

Agarwal was also Deputy Chief Executive Officer of the grounded airline. Both Dube and Agarwal resigned due to personal reasons with immediate effect, the airline said in a statement. Jet Airways stopped its operations on 17 April. It is under the management control of State Bank of India-led consortium of lenders following a debt-restructuring plan.

Several top executives and board members have quit the airline. Former Chief Election Commissioner Nasim Zaidi resigned from his position as Non-Executive and Non-Independent Director on the airline’s board citing personal reasons and time constraints.
Independent Director Rajshree Pathy and top executive Gaurang Shetty have also quit the board.

Jet Airways Chairman Naresh Goyal and his wife Anita holding 51 per cent of the equity resigned from the board on March 25, and transferred control to the lenders.
Jet Airways was suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee.


Also read: Not just Jet Airways, this is how India’s booming civil aviation sector went bust


 

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1 COMMENT

  1. Yes they also left wen once they only said we will get justice from govt as well as jet. Each one sees their own safett why they will see staffs agony wat they are going thro

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