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Jet CFO, Deputy CEO Amit Agarwal quits

IANS  |  New Delhi 

Grounded continues to lose its senior executives dashing hopes of the airline's revival.

The latest to quit the company is its (CEO) The exit comes days after the airline's top Gaurang Shetty, considered close to founder Naresh Goyal, resigned from the board of directors.

In a regulatory filing, on Tuesday said that had resigned from the services of the company with effect from May 13, 2019 due to personal reasons.

Run out of cash, suspended its operations on April 17. Subsequent to this, hundreds of employees have left the carrier to join rival Its aircraft are also being gradually de-registered. These events have added to the growing uncertainty about airline's revival.

Lenders of Jet Airways led by SBI are currently in the process of selling the to recover their dues of over Rs 8,400 crore. Private equity firm TPG Capital, Indigo Partners, and (NIIF) and had been shortlisted to submit their bids after they gave their

On May 10 -- the last date for submitting the binding bids -- only Etihad gave its offer and that too in the eleventh hour. The other two bids for the were unsolicited.

Faced with salary delays and uncertainty over revival of the airline, thousand of Jet Airways employees, especially pilots and engineers, have left the company to join rival carriers.

--IANS

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

First Published: Tue, May 14 2019. 10:32 IST
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