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Retired diplomat Ranjan Mathai has resigned as an independent director from in-troubled Jet Airways board due to his other commitments. This is the second instance that an independent director has resigned from the airline’s board, as Vikram Singh Mehta, former independent director, had called quit two weeks earlier.
According to the Jet Airways, Mathai, who was a foreign secretary and had joined the board last year, was quitting because of increasing demands on his time from his other commitments, including some of academic nature.
Mathai was quoted in Jet Airway’s statement as, “I am no longer able to devote the time required to meet my obligations as an independent director on the board of Jet Airways and have accordingly decided to resign from the board.”
Jet Airways who is in talks with several investors for raising funds, is grappling with financial woes and has suffered from losses for several quarters.
