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Last Updated : May 14, 2019 12:20 PM IST

Jet Airways plummets 9% after CFO steps down

The airline seized operations temporarily around mid-April due to an acute liquidity crisis. Most of the airline's board members have also quit in the last one month.

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Shares of Jet Airways plummeted more than 9 percent intraday on BSE after deputy chief executive and chief financial officer (CFO) Amit Agarwal resigned from the beleaguered airline.

"We wish to inform that Amit Agarwal, the deputy chief executive officer and CFO of the company, has resigned from service due to personal reasons, with effect from May 13," Jet Airways said in a regulatory filing.

The airline seized operations temporarily around mid-April due to an acute liquidity crisis. Most of the airline's board members have also quit in the last one month.

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At 1214 hrs, Jet Airways was quoting Rs 126.70, down 9.04 percent on the BSE.

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First Published on May 14, 2019 12:18 pm
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