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Jet Airways' CFO Amit Agarwal resigns from the board


Debt-laden and grounded Jet Airways' Officer has resigned from his positions, the company said on Tuesday.

Agarwal resigned due to personal reasons and his resignation is with effect from Monday, the said in a statement.

stopped its operations on April 17. It is under the management control of State Bank of India-led consortium of lenders following a debt-restructuring plan.

Several top executives and board members have quit the Former Chief Election resigned from his position as and Non-on the airline's board citing personal reasons and time constraints.

and top have also quit the board.

and his wife Anita, who held 51 per cent of the equity, resigned from the board on March 25 and transferred control to the lenders.

Jet has been suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 11:01 IST