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The acting Chief Executive Officer and Chief Financial Officer of Jet Airways, Ravishankar Gopalakrishnan, has resigned. Sources confirmed the development and said Gopalakrishnan will leave the company at the end of next month. Company officials were, however, not available for comment.
The news about Gopalkrishnan’s departure comes on the day the airline informed the Bombay Stock Exchange that the board of Jet Privilege Private Ltd had allotted 50.1 per cent of the equity of Jet Privilege Frequent Flyer Programme to Etihad Airways, with the rest remaining with Jet Airways (India) Ltd.
This was part of the deal concluded in April last year, which saw Etihad invest ₹2,050 crore to acquire a 24 per cent stake in Jet Airways.
String of exitsGopalakrishnan took over as acting CEO in January after Garry Kenneth Toomey resigned as Jet Airways’ Chief Executive Officer. Toomey had resigned six months after taking over the post.
Toomey’s exit was preceded by a string of high-profile departures, which included KG Vishwanath, Vice-President, Commercial Strategy and Investor Relations, who resigned in September last year, and Sudheer Raghavan, Chief Commercial Officer, who left in November.
On Tuesday, Jet shares closed at ₹225.26, up 0.42 per cent, on the BSE.
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