Reports: Jet Airways’ top executives resign
Jet Airways’ CE Vinay Dube and his deputy and CFO Amit Agarwal have resigned, according to reports in the country’s press. The news came days after Etihad Airways lodged a bid for a minority stake in airline, but made it clear it is seeking partners to help rescue the carrier. The two top executives resigned within hours of each other May 14, both citing “personal reasons” and leaving their posts with immediate effect, according to multiple Indian media reports. Other media outlets have reported more officials had also resigned. The departures are the latest move in a saga that has seen India’s second airline go through a slow-motion collapse. Many staff have not been paid for several months. Hopes now rest on a financial infusion from new or existing shareholders that will revive the company. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-15/eap/reports-jet-airways2019-top-executives-resign
https://portal.staralliance.com/cms/logo.png
Reports: Jet Airways’ top executives resign
Jet Airways’ CE Vinay Dube and his deputy and CFO Amit Agarwal have resigned, according to reports in the country’s press. The news came days after Etihad Airways lodged a bid for a minority stake in airline, but made it clear it is seeking partners to help rescue the carrier. The two top executives resigned within hours of each other May 14, both citing “personal reasons” and leaving their posts with immediate effect, according to multiple Indian media reports. Other media outlets have reported more officials had also resigned. The departures are the latest move in a saga that has seen India’s second airline go through a slow-motion collapse. Many staff have not been paid for several months. Hopes now rest on a financial infusion from new or existing shareholders that will revive the company. <br/>
