New Delhi: Grounded Jet Airways continued to lose its senior executives dashing hopes of the airline’s early revival.
The latest to quit the company is its chief financial officer (CFO) and deputy chief executive (CEO) Amit Agarwal. The exit comes days after the airline’s top executive Gaurang Shetty, considered close to founder Naresh Goyal, resigned from the board of directors.
In a regulatory filing, Jet Airways said Tuesday that Agarwal had resigned from the services of the company with effect from May 13, 2019 due to personal reasons.
Run out of cash, Jet Airways suspended its operations April 17. Subsequent to this, hundreds of employees have left the carrier to join rival companies. Its aircraft are also being gradually de-registered. These events have added to the growing uncertainty about airline’s revival.
Lenders of Jet Airways led by SBI are currently in the process of selling the airline to recover their dues of over Rs 8,400 crore. Private equity firm TPG Capital, Indigo Partners, National Investment and Infrastructure Fund (NIIF) and Etihad Airways had been shortlisted to submit their bids after they gave their EoIs.
The last date for submitting the binding bids was May 10. Only Etihad gave its offer and that too in the 11th hour. The other two bids for the airline were unsolicited.
IANS,
