Thursday, February 19, 2009

India's Jet Airways Group says CEO resigns

Mumbai: Indian private carrier Jet Airways said on Wednesday its Group Chief Executive, Ravi Chaturvedi, has resigned for personal reasons.
Chaturvedi joined the company in October from fast-moving consumer goods maker Procter & Gamble (PG.N), where he had worked in several countries, according to Jet's website.
"He has resigned citing personal reasons and he is going back to the United States," a company spokeswoman told Reuters.
In August, Jet's chief financial officer, Carl Saldanha, quit the company to join Indian back-office firm Firstsource Solutions Ltd.
Jet, owned by Indian billionaire Naresh Goyal, posted a loss of 2.14 billion rupees ($42.9 million) for the quarter to December 2008, as high fuel prices and low occupancy rates dented its performance.
18/02/09 Reuters
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