Blow to revival plan: Sanjiv Kapoor, CEO-designate of Jet Airways, quits

Jet Airways Chief Executive Officer-designate Sanjiv Kapoor has resigned, in the latest blow to the grounded airline’s revival hopes.

Kapoor is the third senior executive to quit this week after Vice-President (Operations) P P Singh and the airline’s Company Secretary Neeraj Manchanda. The resignations come as Jalan-Kalrock consortium (JKC) is yet to iron out differences with lenders on issues such as payment of gratuity and provident fund to the grounded airline’s staff.

In a statement, JKC board member Ankit Jalan said the consortium is committed to the revival of the airline and a new CEO for Jet Airways will be announced shortly.