The change in Jet Airways’ top management comes at a time the now-grounded airline owes money to lessors, suppliers, pilots and oil companies.
Here are 10 things to know:
- Mr Dube had joined the airline as CEO in August 2017. The airline did not mention a replacement for Mr Dube.
- Before joining Jet, he had worked for nearly three decades for aviation companies including Delta Airlines, Sabre and American Airlines in the US, Europe and Asia.
- In a regulatory filing before market hours on Tuesday, the airline said Mr Agarwal’s resignation took effect on May 13. He had joined Jet Airways as chief financial officer in 2015.
- Lenders of the grounded Jet Airways have taken a controlling stake in the airline, and are currently in the process of selling stake to recover their dues.
- SBI Capital Markets, a unit of SBI – which leads the group of Jet Airways’ lenders, said last week that it received a solicited bid from Etihad Airways and three unsolicited bids for the airline. (Also read: Etihad, three others bid for Jet Airways)
- The deadline for interested parties to submit their bids under the stake sale ended on Friday.
- Jet Airways earlier this month accepted the resignation of its whole-time director Gaurang Shetty. (Also read: Jet’s 26th anniversary “saddest” day, Naresh Goyal writes to staff)
- The airline temporarily suspended its flight operations on April 17 and since then Jet Airways shares have plunged 46.40 per cent.
- Jet Airways shares ended 7.33 per cent lower at Rs. 128.90 apiece on the National Stock Exchange, underperforming the broader markets which rose after nine consecutive sessions of losses.
- Hundreds of Jet Airways pilots, engineers and technicians have joined rival aviation companies.