Jet Airways Chief Executive Officer Vinay Dube resigned on Tuesday with immediate effect, citing personal reasons, Mint reported. Dube had joined the struggling private carrier in August 2017.
“We wish to inform you that Mr Vinay Dube, Chief Executive Officer of the Company, vide his letter dated May 14, 2019, has resigned from the services of the company with immediate effect due to personal reasons,” the private carrier said in a communication to stock exchanges, according to Mint.
His resignation came a day after his Deputy CEO and Chief Financial Officer Amit Agarwal stepped down from his posts. “We wish to inform that Amit Agarwal, the deputy chief executive officer and CFO of the company, has resigned from service due to personal reasons, with effect from May 13,” the airline said earlier in the day.
Agarwal joined the struggling airline in December 2015, and was responsible for managing its financial and fiscal aspects. Agarwal was considered to be close to the airline’s founder Naresh Goyal, who resigned from the company’s board of directors in March along with his wife Anita Goyal.
In April, former Chief Election Commissioner Nasim Zaidi quit his position as non-executive and non-independent director on the airline’s board citing “personal reasons” and “time constraints”. Last week, top executive Gaurang Shetty also resigned from the board of directors.
The private airline, which has massive amounts of debt, said on April 17 that it had decided to temporarily suspend all domestic and international operations. The decision was taken after the carrier’s lenders, led by the State Bank of India, declined to provide it emergency funds.
On May 1, the Delhi High Court issued a notice to Jet Airways on a plea seeking refund for passengers. Etihad Airways and a few other parties have offered to acquire stake in the debt-ridden carrier. On Friday, the airline was among three parties to submit financial bids for the Jet Airways.