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Jet saga: Now, Etihad's nominee on Jet board resigns

IANS  |  New Delhi 

Grounded full Jet Airways' continues to lose its senior management level personnel, further damaging hopes of the airline's revival.

The latest to quit the company is Robin Kamark, the UAE-based Etihad Airways' nominee on the Board of the grounded

"We wish to inform you that Robin Kamark, of PJSC, resigned as with effect from May 16, 2019," the said in a regulatory filing on Friday.

The exodus of senior management personnel from the grounded began earlier this week.

Vinay Dube, the Amit Agarwal, as well as all resigned in quick succession.

Having run out of cash, suspended its operations on April 17. Its aircraft are also being gradually de-registered, adding to the growing uncertainty about the airline's revival.

Lenders of led by are currently in the process of selling the airline 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.

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

Faced with salary delays and uncertainty over the airline's revival, thousands 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: Fri, May 17 2019. 19:04 IST
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