The string of high-level departures continues in Jet Airways. The airlines in a statement said that the Chief Executive Officer (CEO), Vinay Dube has resigned with immediate effect “due to personal reasons”.
“We wish to inform you that Mr. Vinay Dube, Chief Executive Officer of the Company, vide his letter dated 14 May 2019, has resigned from the services of the company with immediate effect due to personal reasons,” Jet Airways said in a communication to stock exchanges.
Dube’s resignation comes a day after airline’s’ chief financial officer (CFO) and deputy chief executive officer (deputy CEO) Amit Agarwal quit from his positions on Monday. In a statement, Jet Airways said that Agarwal resigned due to ‘personal reasons.’ His resignation is effective from May 13.
Dube had joined Jet Airways in August 2017 after serving varied roles at Delta Airlines Inc, Sabre, Inc., and American Airlines.
Before joining to Jet Airways, he was the senior vice president for Asia Pacific at Delta Airlines.
The airline seized its operations temporarily from mid-April due to acute cash crisis. The airline is facing a debt of more than $1.2 billion, and owes money to lessors, suppliers, pilots and oil companies.
Dube’s name has been added to the slew of top executives and members who left the board in the past one month.
In April, former chief election commissioner, Nasim Zaidi, quit his position as non-executive and non-independent director citing ‘personal reasons’ and ‘time constraints’.
Following Zaidi, Independent director Rajshree Pathy also quit the board of the airline. This happened weeks after founder Naresh Goyal and his wife Anita Goyal quit the airline’s board. Last week, top executive Gaurang Shetty also resigned from airline’s board of directors.