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Posted at: May 15, 2019, 7:15 AM; last updated: May 15, 2019, 12:29 PM (IST)

Jet Airways’ top bosses quit, revival hopes fade

Besides CEO Vinay Dube, deputy CEO-cum-CFO resigns
Jet Airways’ top bosses quit, revival hopes fade

Mumbai, May 14

Grounded carrier Jet Airways’ chief executive officer Vinay Dube resigned from the post today, a day after its deputy chief executive and chief financial officer (CFO) Amit Agarwal quit the company.

An Indian-American, Dube had joined Jet Airways in August 2016 after serving various roles at Delta Airlines, Sabre Inc and American Airlines in the US, Europe and Asia.

“We wish to inform that Vinay Dube, CEO, has resigned from services of the company with immediate effect due to personal reasons,” Jet Airways said in a regulatory filing today.

Dube had stepped in the position after almost 15 months of the departure of then chief executive Crammer Ball. During the period, Agarwal was acting CEO.

Earlier in the day, Jet Airways informed exchanges of Agarwal’s resignation from the company on personal grounds.

“We wish to inform that Amit Agarwal, the deputy chief executive officer and CFO of the company, has resigned from service due to personal reasons, with effect from May 13,” Jet Airways said in the filing. — PTI

Crisis deepens 

  • The exit of the two top executives come amid the consortium of lenders led by SBI is struggling to find a buyer for the airline, which ceased operations on April 17 due to acute liquidity crisis
  • The lenders, whom Jet Airways owe over Rs 8,000 crore in debt, are offering 31.2%-75% stake in the company on a fully diluted basis

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