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CEO Vinay Dube has resigned from his post. He has cited personal reasons behind his resignation. Earlier today, Jet Airways‘ Deputy CEO and CFO Amit Agarwal also resigned from his post. The airline had told that Agrawal’s resignation was effective from May 13.

Jet Airways News said in a regulatory filing, “We want to inform that the company’s Deputy Chief Executive Officer and CFO Amit Agarwal has resigned from his post for personal reasons effective from May 13.” The airline had temporarily stopped operating because of a cash problem in mid-April. Most of the board members of the company have resigned in the last month.

After the resignation of Amit Agarwal, 4 people have left the company in the last one month. Earlier, besides Gaurang Shetty, independent director Rajshri Pathi and non-executive director Nasim Zaidi resigned. Naseem Zaidi has been the chief election commissioner.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Jet Airways Chief Executive Officer Vinay Dube has resigned from the services of the Company with immediate effect citing personal reasons <a href="https://t.co/akWgWNrLII">pic.twitter.com/akWgWNrLII</a></p>— ANI (@ANI) <a href="https://twitter.com/ANI/status/1128265060042846208?ref_src=twsrc%5Etfw">May 14, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Prior to Amit Agrawal, Gaurang Shetty had recently resigned from the Jet Airways Board of Directors for personal reasons. Shetty resigned on April 23 stating personal reasons. He has worked in various positions in the airline over the last several years. At the board of directors of Jet Airways, there are now only three directors Robin Kamark, Ashok Chawla and Sharad Sharma.

Jett Airways promoter and founder Naresh Goyal and his wife had resigned during the board meeting in March last. After this, the lenders led by State Bank of India (SBI) took over the management of the company.

The airline had been in crisis for a long time due to not being able to pay the pilot and other employees for several months. There is currently a debt of about Rs 8,000 crore on Jet Airways. Because of this, more than 20,000 employees of the company are struggling with crisis. Meanwhile, Jet Airways’ air services have been temporarily closed in April. Thousands of employees had to face a job loss because of the closure of Jet Airways. Companies are also avoiding buying Jet’s stake. However, Jet’s international partner Etihad has expressed a desire to buy a stake.

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