Jet deputy CEO and CFO Amit Agarwal quits

Grounded carrier Jet Airways’ deputy chief executive and chief financial officer (CFO) Amit Agarwal has resigned, the airline said today. Agarwal’s resignation is effective from 13 May, it said. Continue Reading

Jet might down shutters temporarily as lenders defer decision on funds

The possibility of Jet Airways shutting down temporarily came to light when chief executive Vinay Dube in an internal communication has said the lenders could not decide on the emergency funding and that the board of the airline will meet today to take a call on the future. Continue Reading

Jet fails to pay December salary to ‘some’ employees

The Naresh Goyal-controlled Jet airline, which is part owned by Gulf carrier Etihad, has not been paying on time to about 15 per cent of its over 16,000 employees since August last year due to a liquidity crunch. Continue Reading