Jet Airways gets security nod for Vinay Dube’s appointment as CEO
After waiting for over two months, Jet Airways received the government's security clearance for the appointment of Vinay Dube as the chief executive officer
New Delhi: After waiting for over two months, Jet Airways on Wednesday received security clearance of the government for the appointment of Vinay Dube as the chief executive officer.
The full-service carrier said Dube’s appointment will be effective from Wednesday. An Indian-American, Dube’s appointment was approved by the airline’s board of directors on 30 May. Jet Airways has been without a full-time CEO since Cramer Ball quit in February 2016. The civil aviation ministry, through a letter on Wednesday, “granted security clearance for the appointment of Vinay Dube as the CEO of the company”, Jet Airways said in a filing to stock exchanges.
Consequently, Amit Agarwal ceases to be the acting CEO of the company, the filing added. Since the exit of Ball last year, there have been two acting CEOs—Gaurang Shetty and Amit Agarwal. Prior to this appointment, Dube was senior vice-president (Asia Pacific) at Delta Air Lines and was associated with the US-based carrier since 2007.
In a release on 31 May, the airline had said Dube would be responsible for strengthening the airline’s overall business performance and its position in the domestic and international markets. He would also head the executive management team that had been tasked by the board with driving the airline’s growth and future strategy “by leveraging its enduring partnership with our equity partner Etihad Airways”, the release had said.
Dube’s appointment comes at a time when the airline is facing challenging business conditions.
Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
Business NewsCompaniesJet Airways gets security nod for Vinay Dube’s appointment as CEO
First Published:9 Aug 2017, 06:29 PM IST
- Top Gainers
- Top Losers
- 52 Week High