| Airlines |
| Jet Airways Announcement: Amit Agarwal appointed Acting Chief Executive Officer |
Mumbai, March 1, 2016
Jet Airways’ Chief Financial Officer, Amit Agarwal is taking on the responsibility as Acting Chief Executive Officer effective March 1, 2016.
He will function as Acting Chief Executive Officer in addition to his responsibilities as CFO of the Company, till the appointment of a new CEO.
Mr. Agarwal joined Jet Airways in December 2015 and has more than 24 years of experience having held leadership positions in India, Europe and North America.
Mr. Naresh Goyal, Chairman, Jet Airways said: “Amit will spearhead the Executive Management Committee of Jet Airways in delivering our strategic objectives. Jet Airways has made demonstrable progress towards achieving long-term sustainable profitability, having recorded three consecutive profitable quarters. Our business performance clearly demonstrates that our efforts are showing positive results.”Earlier this month, Jet Airways announced record profits of INR 467 crores for the third quarter ending December 31, 2015, providing further evidence of the growing momentum of its turnaround programme.