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Ranjan Mathai resigns from Jet Airways board as independent director

The departure comes as the airline struggles to keep itself afloat, with rising debt levels and higher oil prices weighing on profits

Reuters 

Debt-laden carrier Jet Airways (India) Ltd's independent director Ranjan Mathai resigned late on Thursday, citing rising pressure from other commitments. The departure comes as the airline struggles to keep itself afloat, with rising debt levels and higher oil prices weighing on profits. Indian conglomerate Tata Sons Ltd said last week it is in preliminary talks with Jet, but has not made a proposal to buy a stake. "I am no longer able to devote the time required to meet my obligations, as an independent director on the Board of Jet Airways and have accordingly decided ...

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First Published: Fri, November 23 2018. 08:35 IST
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