Top executives of Jet Airways including its Chief Executive Officer have resigned from the company in an indication that the airline may be heading towards insolvency proceedings.
CEO Vinay Dube; CFO Amit Agarwal; Company Secretary and Compliance Officer Kuldeep Sharma; and Chief People Officer Rajhul Taneja have quit the company, citing personal reasons.
This comes a day after Jet Airways’ lead lender SBI opened the bid placed by Etihad Airways and found it short of expectations. Ray Gammell, Senior Strategic Advisor to the Group CEO of Etihad, and Carmer Ball, Jet Airway’s ex-CEO, met top SBI officials on Tuesday to try and salvage a deal.
