By Anu Sharma May 16, 2019 7:19:36 AM IST (Updated)
A day after the top leadership brass resigned from their respective positions at Jet Airways with immediate effect, two more officials have quit, multiple sources told CNBC-TV18. Senior VP-network and revenue management Raj Sivakumar and senior VP-finance Ravichandran Narayan are learnt to have submitted their resignations.
A day after the top leadership brass resigned from their respective positions at Jet Airways with immediate effect, two more officials have quit, multiple sources told CNBC-TV18.
Recommended Articles
View All
This Microsoft project is enabling the digital presence of low-resource languages
Jan 30, 2023 IST7 Min(s) Read
CEOs, CXOs may see 9.1% salary hike, focus on performance-linked pay: Survey
Jan 30, 2023 IST4 Min(s) Read
Wizards of the Street | Cash is a depreciating asset and an opportunity, says Vijay Kedia
Jan 30, 2023 IST2 Min(s) Read
Prakash Javadekar — Challenging task in hand as Kerala in-charge of BJP
Jan 30, 2023 IST8 Min(s) Read
Senior VP-network and revenue management Raj Sivakumar and senior VP-finance Ravichandran Narayan are learnt to have submitted their resignations, the sources said.
Sivakumar joined the company in November 2017 and had brought with him close to two decades of global aviation experience with international carrier like United Airlines.
Ravichandran had over two-and-half decades of experience spanning treasury, corporate finance and project finance in diversified sectors of manufacturing, international trading, aviation and hospitality.
On Tuesday, the top leadership at Jet Airways started crumbling with the resignation of CFO Amit Agarwal in the morning, followed by CEO Vinay Dube, Chief People Officer Rahul Taneja and company secretary Kuldeep Sharma.
Dube, Agarwal and Sharma resigned with immediate effect where Dube and Agarwal both cited "personal reasons" for their exit.
The resignations of the top four officials are expected to cause a spike in attrition levels at the airline as the company has largely become headless.
Jet Airways seized operations temporarily around mid- April due to the acute liquidity crisis. Most of the airline's board members have also quit in the last month.
First Published: May 16, 2019 6:35 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!