Jet Airways’ top execs quit amid financial troubles

Jet Airways aircraft in Changi Airport Singapore

Four top executives at Jet Airways have stepped down as lenders continue seeking investors for the troubled airline.

The four are CEO Vinay Dube, CFO Amit Agarwal, chief people officer Rahul Taneja and company secretary Kuldeep Sharma, the Economic Times of India reported.

Jet Airways has suspended operations

Last month, the airline suspended operations after failing to secure funds. Etihad Airways has since made a highly conditional bid, but at a fraction of what the airline needs.

The airline is also being probed by the Enforcement Directorate on its deal to sell 50.1 per cent of its loyalty rewards programme Jet Privilege to Etihad, according to the report. The Serious Fraud Investigation Office of the corporate affairs ministry is looking into alleged irregular transactions by Jet’s founder Naresh Goyal.

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