Jet Airways CFO Amit Agarwal steps down

Reuters
Bengaluru, Karnataka, India Published: May 14, 2019, 09:55 AM(IST)

File photo of a Jet Airways aeroplane. Photograph:( Zee News Network )

Story highlights

The airline did not mention a replacement for Agarwal, who had joined Jet in 2015 as its CFO.

Jet Airways Ltd's Deputy Chief Executive and Chief Financial Officer Amit Agarwal has resigned, the debt-ridden carrier said on Tuesday.

The airline did not mention a replacement for Agarwal, who had joined Jet in 2015 as its CFO.

Shares of Jet Airways Ltd fell as much as 11.4% on Monday after 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, which owes vast sums to its lessors, pilots, fuel suppliers and other parties, stopped all flights from April 17 after its lenders refused to extend more funds to keep the carrier flying.

SBI also received two unsolicited, non-binding bids, the bank said on Friday.

 

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