3 senior executives of Jet Airways quit as the airline attempts to revive the business

JET AIRWAYS

Three senior executives of Jet Airways have quit the company as the airline is attempting to revive the business.

Director of flight operations Vishesh Oberoi, director of flight safety Neeraj Chandan, and director of training Sorab Variava have resigned in the last one month, people aware of the development said. All three executives were nominated post holders under the rules of aviation regulator DGCA.

This means these positions will have to be compulsorily filled up before the airline’s first flight. Senior Jet Airways executives said the airline is already in the process of filling up the positions by the end of September. Another senior executive, Vishesh Khanna, who was appointed vice president-sales, distribution and customer engagement in March, has also quit and joined IndiGo.

Director of flight operations Vishesh Oberoi have resigned in the last month

“Exits and entries occur in any organisation. The senior management team for Jet Airways is now fully in place, and we remain committed to the earliest recommencement of operations of Jet Airways,” said a spokesperson of the Jalan-Kalrock Consortium, which emerged as the successful bidder for Jet Airways under the insolvency process.

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However, in the last one month, the airline has appointed three departmental heads. They include Jagtesh Saini, who has joined as head of government and regulatory affairs, Abid Qureshi, who has been named head of product development and Anchal Dhiman, who has been appointed head of procurement.

JET AIRWAYS
Jet Airways got its Air Operators Permit revived by DGCA in May.

In June 2021, the National Company Law Tribunal (NCLT) approved the consortium’s resolution plan for grounded Jet Airways, subject to certain conditions. A seven-member monitoring committee has also been formed to manage the day-to-day affairs of Jet Airways till the insolvency resolution process is complete.

Earlier, Jet Airways CEO Sanjiv Kapoor had said that the airline was looking to restart operations in September but it hasn’t announced its fleet plan yet. Sources, however, said that the airline is looking to open sales as soon as possible but that will require the airline’s schedule to be cleared by DGCA. The airline got its Air Operators Permit revived by DGCA in May.

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JET AIRWAYS
It was earlier reported that the lenders’ committee hasn’t but given no-objection certificates to the consortium to position a plane order.

But the method of revival has been delayed considerably as a bunch of purposes have been filed in NCLAT difficult the NCLT decision plan.

Among those that have challenged the NCLT plan are Punjab National Bank and worker affiliations like the Association of Aggrieved Workmen of Jet Airways and the Jet Aircraft Maintenance Engineers Welfare Association.

ALSO READ – Jet Airways’ lenders to get rental earnings from Jalan-Kalrock Consortium

It was earlier reported that the lenders’ committee hasn’t but given no-objection certificates to the consortium to position a plane order.

ALSO READ – Lenders of Jet Airways threaten bankruptcy over aircraft rental revenues

(With Inputs from The Economic Times)

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