Two more senior executives quit Jet Airways
Two more senior executives have resigned at Jet Airways (India) Ltd, according to two people familiar with the matter, raising questions over the airline’s assimilation with Etihad Airways PJSC. The Abu Dhabi-based airline bought a 24% stake in Jet last year in a $900 million deal. Jet is now merging its entire network with Abu Dhabi as its hub stop. There have been a spate of resignations since the merger process began, starting with Jet Airways’ long-time confidant and chief executive Nikos Kardassis resigning in June. Last week, vice-presidents Manoj Bhambhani and P.P. Singh quit and their resignations were accepted effective 20 March.
Two more senior executives have resigned at Jet Airways (India) Ltd, according to two people familiar with the matter, raising questions over the airline’s assimilation with Etihad Airways PJSC. The Abu Dhabi-based airline bought a 24% stake in Jet last year in a $900 million deal. Jet is now merging its entire network with Abu Dhabi as its hub stop. There have been a spate of resignations since the merger process began, starting with Jet Airways’ long-time confidant and chief executive Nikos Kardassis resigning in June. Last week, vice-presidents Manoj Bhambhani and P.P. Singh quit and their resignations were accepted effective 20 March.
Read the Live Mint news report here.
