Two-time CEO Nikos Kardassis returns to Jet Airways, takes on advisory role

Kardassis, who quit airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement

Nikos Kardassis, the two-time chief executive officer of Jet Airways, has returned to the airline in an advisory role.

Chairman Naresh Goyal announced Kardassis' joining at an event to celebrate airline's silver jubilee earlier this month. Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvements.

Cost remains a concern for the airline with the rise in jet fuel price (up 13.7 per cent) and depreciation in rupee (5.6 per cent) from January till date. On its part Jet is targeting 12-15 per cent reduction in non-fuel expenses through renegotiation of maintenance contracts,