Jet Airways (India) Ltd. has announced the resignation of its Chief Executive Officer (CEO) Vinay Dube and Deputy Chief Executive Officer and Chief Financial Officer (CFO) Amit Agarwal, who stepped down days after the ‘disappointing bid’ by Etihad Airways.
“The Etihad deal triggered their exit from the airline,” said a senior executive adding, “everybody was hoping that Etihad would put up a legitimate bid which could revive the airline. Since so many strings are attached, the deal is as good as over. The CEO saw the writing on the wall and quit,” the executive said. Jet Airways, in a filing with the stock exchanges said that Mr. Dube had resigned with immediate effect for personal reasons. Mr. Agarwal submitted his resignation on May 13, 2019.
