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Jet Airways CFO resigns

Jet Airways’ chief financial officer and deputy chief executive Amit Agarwal resigned from the airline on 13 May.

The carrier disclosed Agarwal’s departure in a stock exchange statement, adding that it was due to “personal reasons”.

No immediate successor was named by the company in the statement.

Jet Airways suspended operations on 17 April after it was unable to secure emergency funding to keep flying.

A process to find new strategic investors remains underway, with Etihad Airways confirming that it is prepared to “reinvest” in the stricken airline but would require other suitable investors to also help recapitalise it.

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