The Hindu Business Line : Jet Air to see more top-level exits

Jet Airways said on Wednesday that three of its senior executives would be leaving the company. The exiting officials are Mr Narayan Hariharan, Vice-President, Office of the Chairman, Col (retd) A.S. Bedi, General Manager (Security), and Mr S. Bandula, Senior General Manager (In-flight services).

Though the statement from the company remains silent on news report that Jet Airways’ Executive Director, Mr Saroj K. Dutta, would be quitting the company, industry sources told Business Line that Mr Dutta has also put in his papers.

The source also said that Mr Naresh Goyal, Chairman of Jet Airways, has called an emergency meeting in London to take stock of the situation.

Mr Dutta was unavailable for comment.

A media report published on Wednesday had said that Mr Poh Leong Choo, Senior Vice-President (Services), and Mr B. Krishnan, Senior General Manager (Finance), along with the four already mentioned were exiting, but Jet has confirmed only three resignations.

Earlier in the day, Mr Hariharan told Business Line that he would be joining Mumbai International Airport as the Director for Corporate Relations. “I am leaving and it’s a personal decision looking at the growth opportunities in MIAL with their airport and other projects.”

Another senior official, who would be leaving the airline, said on condition of anonymity that none of the exiting officials are joining any competing airline.

He said, “We have been trained under Mr Naresh Goyal and have a lot of respect for him and Jet Airways; this is a purely personal decision.”

Not a sudden exodus

The statement from Jet also said, “Attrition is a common phenomenon in any business enterprise and the country’s growing aviation industry cannot be excluded. Three persons leaving an organisation for their own career prospects cannot be described as ‘sudden exodus’.”

The share price of Jet Airways closed at Rs 552.95, up 0.34 per cent on Wednesday.

According to market analysts, these resignations need not necessarily reflect on the fundamentals of the company.

“Given the fact that the entire Indian airline industry is bleeding, perhaps promotions, salary hikes and other incentives could be an issue for the companies and these resignations would be on those personal grounds. Also, senior management people have exited Jet earlier in search of better prospects.”

However, on the talk that Mr Dutta might be leaving, the analysts had mixed reactions. While they said that it could be a blow to Jet as he is an industry veteran and has been with the company for a long time, it should also be treated as an opportunity for getting fresh talent in the company.

More Stories on : Human Resources | Jet Airways (India) Ltd | Airlines

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