Jet Airways’ deputy CEO and CFO Amit Agarwal quits

PTI

Jet Airways said Agarwal resigned from service due to personal reasons

New Delhi, 14 May: 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 ceased operations temporarilyaround mid-April due to acute liquidity crisis.

 

Most of the airline’s board members have also quit in the last one month. Media reports said a buyout offer from Middle Eastern carrier Etihad Airways was non-binding and might not guarantee a deal for the struggling Indian carrier.

 

Jet Airways stopped operations on April 17 due to acute financial distress.

 

The State Bank of India-led consortium of lenders to Jet Airways Friday said it has received bids from Etihad Airways and from a few unsolicited parties to acquire stake in the grounded airline.

 

In a filing to the stock exchanges, Jet Airways Monday said it has received notice from the Provident Fund Office in respect of non-payment of provident fund dues for March 2019.

 

The company officials are engaged with the authority to address the matter, it added.