Home / Companies / People /  Gaurang Shetty quits Jet Airways

Mumbai: Jet Airways (India) Ltd’s top executive Gaurang Shetty, considered close to founder Naresh Goyal, has resigned from airline’s board of directors, the airline said in a statement on Thursday.

Gaurang Shetty, who held the position of whole time director in the company’s board at the time of his resignation, joined Jet Airways in 1996 as general manager (marketing). He also held other senior positions like vice-president (marketing), senior vice president (commercial) and acting chief executive for a brief period in 2016.

Shetty had in a letter dated 23 April submitted his resignation, while requesting a waiver from the airline’s board of directors to serve his notice period under terms of his employment.

Jet Airways said in a statement to the stock exchange that it had sought independent legal opinion on the matter and accepted the resignation.

Cash strapped Jet Airways, which stopped its operations on 17 April due to an acute cash crunch, has seen a slew of top executives and board members leave the airline in the past few months.

In April, former chief election commissioner, Nasim Zaidi, quit his position as non-executive and non-independent director on the airline’s board citing ‘personal reasons’ and ‘time constraints’.

Independent director Rajshree Pathy also quit the board of the airline in April, weeks after, founder Naresh Goyal and his wife Anita Goyal quit the airline’s board.

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