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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 

ranjan mathai, jet airways independent director, mathai
Jet Airways independent director Ranjan Mathai quits board. (Photo: @CambridgeJBS)

Debt-laden carrier (India) Ltd's resigned late on Thursday, citing rising pressure from other commitments.

The departure comes as the struggles to keep itself afloat, with rising debt levels and weighing on profits. Indian conglomerate 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 on the Board of and have accordingly decided to resign from the Board," said in a statement issued by the

 

 

 

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