Jet Airways chief executive resigns

Jet Airways on Thursday announced the resignation of its chief executive Cramer Ball, effective from February 29, 2016.

"Gaurang Shetty, whole-time director, will become the acting CEO of the company," the airline said in a statement.

Shetty has over 35 years of industry experience and has been with the airline for more than 19 years.

"Shetty, will now lead the operating committee in managing the day-to-day operations of the company, under the supervision and control of the board of directors, chaired by Naresh Goyal," the statement added.