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Jet Airways CFO, deputy CEO Amit Agarwal resigns for 'personal reasons'

Amit Agarwal had been named as the deputy chief executive officer of the airline in 2017

BS Web Team 

Jet Airways
Agarwal joined Jet as its chief financial officer in 2015 and was also its acting CEO from March 1, 2016 until August 9, 2017.

CFO and deputy CEO on Monday resigned from the company for personal reasons, the airline said in a statement to the stock exchanges.

We wish to inform you that Amit Agarwal, deputy CEO and Chief Financial Officer of the company has resigned from the services of the company due to personal reasons, with effect from May 13, 2019, said in a BSE filing.

had been named as the deputy chief executive officer of the airline in 2017. He joined Jet as its chief financial officer in 2015 and was also its acting CEO from March 1, 2016 until August 9, 2017.

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The air carrier has a debt of over Rs 10,000 crore.

SBI and Punjab National bank with nearly Rs 2,000 crore each are the two main lenders involved in the process. In the January-March quarter, SBI classified Rs 1,220 crore worth loans to as non-performing asset.

First Published: Tue, May 14 2019. 09:33 IST
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