In a regulatory filing on Tuesday, Jet Airways’ deputy chief executive and chief financial officer Amit Agarwal have resigned the crisis-hit airline. His resignation will be effective from May 13, as per the statement.
The result of Agarwal’s resignation came out as shares of Jet Airways falling as much as 10 percent in the early morning trade Tuesday. The benchmark was trading marginally weak by 0.09 percent.
In a regulatory filing, Jet Airways said, “We wish to inform that Amit Agarwal, the deputy chief executive officer and CFO of the company, has resigned from service due to personal reasons, with effect from May 13,”.
The move came out after Etihad Airways PJSC offered to retain its 24 percent equity stake in Jet Airways but stopped short of offering any broad affirmation plan.
Jet Airways was temporarily grounded in the mid-April due to an acute liquidity crisis. Most of its board members have quit the airline in the last one month.
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