Friday, October 26, 2018

Three senior executives quit Jet Airways amid worsening financial situation

Mumbai: The heads of cargo, information technology and revenue management at Jet Airways have resigned from the company amid a worsening financial situation.
A Jet spokesperson said the executives had resigned on personal grounds. Those moving out are Pradeep Kumar (senior vice- president, cargo), Shrimanikandan Ananthvaidyanathan (chief information officer) and Praveen Iyer (vice-president, revenue management).
While Kumar and Ananthvaidyanathan are relatively recent recruits at Jet, Iyer has been with the airline for 13 years. He had indicated his desire to move on a few months earlier and is taking up a non-aviation role abroad, a source said.
The exits come as the airline is struggling to pay salaries and vendors on time. In an e-mailed response to a query, the airline said, "Jet Airways respects the personal decisions of a few of its executives to pursue opportunities outside the organisation. The airline acknowledges their several contributions and wishes them success in their future endeavours. As part of the routine course of business, the airline has a well-defined succession plan in place."
25/10/18 Aneesh Phadnis/Business Standard