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Jet Airways CEO Amit Agarwal quits citing personal reasons

May 15, 2019

Jet Airways, which was one of India's largest domestic airways, faced a major financial crisis a couple of months back. Due to this, they had to shut down and are not operational now. On Tuesday, Jet Airways Chief Executive Officer Amit Agarwal stepped down due to personal reasons. Agarwal had joined Jet as their Chief Financial Officer (CFO) in 2015.

So @jetairways deputy CEO and CFO Amit Agarwal, considered closest to Mr. Naresh Goyal, has resigned-Tarun Shukla, Journalist

Jet Airways have not mentioned anyone else that is going to replace Agarwal who was one of the most successful CEO's who worked with the company. Post his resignation, shares in Jet Airways came down drastically on Tuesday as its current leaders are selling off stakes for the company.

Gaurang Shetty, who was the Director of Jet Airways, had already submitted his resignation earlier this month. Reportedly, Jet Airways has a debt of over 1.2 billion dollars. A few companies have even come forward to buy Jet Airways but nothing has been confirmed yet. One of the main bidders for Jet Airways is Etihad Airways.

"Jet Airways Ltd's Deputy Chief Executive and Chief Financial Officer Amit Agarwal has resigned, the debt-ridden carrier said on Tuesday. #JetAirways #airlines, tweeted Musafir Namah.

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