BackEtihad’s nominee director on Jet board Kamark puts in his papers
Kamark has also held several management positions in Scandinavia and elsewhereThe Abu Dhabi-based airline currently owns a 24% stake in Jet Airways
PremiumMUMBAI : Etihad Airways PJSC’s nominee director to the board of Jet Airways (India) Ltd, Robin Kamark, has resigned, adding to uncertainties around the future of the grounded airline.
“...we wish to inform you that Mr. Robin Kamark, nominee director of Etihad Airways PJSC, resigned as director of the company with effect from 16 May 2019," Jet Airways said in filing with the BSE on Friday.
Kamark’s exit comes days after the airline saw a slew of high profile exits, including its chief executive officer Vinay Dube, chief financial officer Amit Agarwal and whole-time director Gaurang Shetty.
Incidentally, Etihad Airways was the only company to bid for a minority stake in cash-strapped Jet Airways among those that submitted expressions of interest (EoIs) for buying a stake in the airline, last month.
Etihad Airways’ offer was, however, non-binding and subject to fulfilment of certain conditions by Jet Airways’ lenders. The Abu Dhabi-based airline currently owns a 24% stake in Jet Airways.
Kamark was responsible for leading Etihad Aviation Group’s minority equity investment strategy, and optimising business performance, revenue and cost synergies between Etihad Airways and its equity partner airlines, including Jet Airways, according to the airline’s website.
“He handles strategic leadership for airline partners where Etihad Airways has management responsibility," it added.
Before Etihad, Kamark had served as executive vice-president and chief commercial officer of Storebrand ASA, a Nordic financial services group.
Kamark has also held several management positions in Scandinavia and elsewhere.
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