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Now, Jet Airways CEO Vinay Dube Quits

Dube’s exit follows the resignation of its chief financial officer, Amit Agarwal, earlier in the day

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1536318538_S5A4PQ_Jet_Airways_Mumabi_Airport_shutterstock_470.jpg

Indian carrier Jet Airways said on Tuesday its Chief Executive Officer Vinay Dube had resigned with immediate effect.

Dube’s exit follows the resignation of its chief financial officer, Amit Agarwal, earlier in the day.

This is the second high profile exit in as many days at the grounded Jet Airways after Deputy CEO Amit Agarwal put in his papers on Monday.

Dube's exit comes shortly after the resignation of its Chief Financial Officer Amit Agarwal, that was announced earlier in the day. Agarwal's resignation was effective May 13, the company said.

The debt-strapped company said Dube and Agarwal resigned due to personal reasons, without providing further details.

The airline, once the biggest private carrier in the country, owes vast sums to its lessors, pilots, fuel suppliers and other parties. It stopped all flights from April 17 after its lenders refused to extend more funds to keep the carrier flying.

In a filing to stock exchanges, the airline said Dube has "resigned from the services of the company with immediate effect due to personal reasons".

(Agencies)


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