Jet group CEO Chaturvedi puts in papers
Ravi Chaturvedi, chief executive officer of Jet Airways group, has resigned from the company citing personal reasons. Jet Airways chairman Naresh Goyal confirmed the development to ET. Mr Chaturvedi’s resignation will be effective from April 1.
By ET Bureau |
MUMBAI: Ravi Chaturvedi, chief executive officer of Jet Airways group, has resigned from the company citing personal reasons. Jet Airways chairman Naresh Goyal confirmed the development to ET. Mr Chaturvedi���s resignation will be effective from April 1.
However, it���s not clear at this stage who will succeed him. Mr Chaturvedi had joined Jet Airways in October from Procter & Gamble.
This is the third departure of the group���s high-level executive in the past six months. Its chief financial officer Carl Saldanha had left the company to join Firstsource Solutions in August. Maunu von Lueders, chief executive officer of JetLite, the wholly-owned subsidiary of Jet Airways, had left in September. Jet Airways had then told that Mr Lueders left because his role in creating operational synergies between the company and JetLite were over.
Jet Airways has been incurring losses in the wake of economic slowdown and high operational costs. It discontinued three international routes, Bombay-Shanghai-San Francisco and Bangalore-Brussels and Amritsar-London-Amritsar, in order to cut down operational costs. Jet Airways has also leased out four wide-body Boeing 777 aircraft, besides phasing out three Boeing 737 planes.
However, it���s not clear at this stage who will succeed him. Mr Chaturvedi had joined Jet Airways in October from Procter & Gamble.
This is the third departure of the group���s high-level executive in the past six months. Its chief financial officer Carl Saldanha had left the company to join Firstsource Solutions in August. Maunu von Lueders, chief executive officer of JetLite, the wholly-owned subsidiary of Jet Airways, had left in September. Jet Airways had then told that Mr Lueders left because his role in creating operational synergies between the company and JetLite were over.
Jet Airways has been incurring losses in the wake of economic slowdown and high operational costs. It discontinued three international routes, Bombay-Shanghai-San Francisco and Bangalore-Brussels and Amritsar-London-Amritsar, in order to cut down operational costs. Jet Airways has also leased out four wide-body Boeing 777 aircraft, besides phasing out three Boeing 737 planes.
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