Timeline: Leadership exodus is the latest piece of bad news at Jet Airways this year

Timeline: Leadership exodus is the latest piece of bad news at Jet Airways this year

lready dealing with enough, India’s oldest private airline is now running on an empty cockpit.

Jet Airways yesterday (May 14) said three of its top executives have decided to move on. Chief executive Vinay Dube (pdf) and his deputy Amit Agarwal (pdf), who is also the chief financial officer (CFO), have resigned on personal grounds, the company informed the stock exchange BSE. The airline’s company secretary and compliance officer Kuldeep Sharma, too, has quit (pdf). These exits are effective immediately. The chief people’s officer Rahul Taneja also reportedly quit on May 14.

The exodus comes nearly a month after Jet was grounded. Over 20,000 of its employees are yet to receive salaries for the past three months. In the meantime, its new owners, a bunch of lenders led by the State Bank of India (SBI), have so far failed to find a suitable buyer for the company.

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