Board Exam Result 2019

Jet Airways' deputy CEO and CFO Amit Agarwal quits over 'personal reasons'

Mumbai, Agencies | Updated : 14 May 2019, 09:59 AM
SBI Caps has the mandate for Jet Airways' sale on behalf of the SBI-led consortium of the domestic lenders to the debt-ridden private carrier.
SBI Caps has the mandate for Jet Airways' sale on behalf of the SBI-led consortium of the domestic lenders to the debt-ridden private carrier.

Grounded carrier Jet Airways' deputy chief executive and chief financial officer (CFO) Amit Agarwal has resigned, the airline said on Tuesday. Agarwal's resignation is effective from May 13, it said. "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 a regulatory filing. The airline seized operations temporarily around mid-April due to acute liquidity crisis. Most of the airline's board members have also quit in the last one month.

Earlier, the officers and staff union of grounded carrier Jet Airways on Friday sought Maharashtra Chief Minister Devendra Fadnavis’ intervention in resolving the crisis being faced by over 22,000 employees of the company, who have not been paid since March. "Fadnavis has assured full support to work out a solution with Prime Minister Narendra Modi and civil aviation ministryafter the last round of polling is completed and model code of conduct is withdrawn," president of the All India Jet Airways Officers and Staff Association and NCP law maker Kiran Pawaskar said in a statement.

Prior to this meeting, he led a delegation of committee members to the CM’s residence along with Leader of Opposition in the Legislative Council Dhananjay Munde and apprised Fadnavis of the hardships faced by the airline’s 22,000 employees. "Jet Airways has ceased operations temporarily and this has affected the employment of over 22000 employees and the future of their families who are solely dependent on the emoluments arising of this employment," Pawaskar said.

"This scenario entrusts a special duty on our CM for being the guardian of Maharashtra," he said. Fadnavis assured Pawaskar of the government’s full cooperation to ensure justice is done to all employees of Jet Airways, the association said in the statement.

First Published: Tuesday, May 14, 2019 09:45 AM
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