Sanjiv Kapoor, the CEO-designate of Jet Airways India Ltd., has resigned from the airline before its takeoff with effect April 28th, 2023. On April 4th, 2022, the airline's CEO had become the chief executive officer of the airline.
In March, the PTI quotes Kapoor as saying that the new administration does not want to be 'in a rush' to restart operations while asserting that the airline will be unique and different.
The insolvency resolution plan has sparked concerns over differences between the winning bidder and lenders over ownership transfer of the grounded airline.
In a statement, senior employees, such as the company secretary, accountable manager and chief security officer, have quit the airline in the past week.
The head of flight operations, the director of flight safety and the director of training all resigned a few months ago.
In October 2020, the airline's Committee of Creditors CoC approved the revival plan proposed by the consortium of Dubai-based Murari Lal Jalan and the UK's Kalrock Capital. In June 2021, the consortium's bid was approved under the insolvency resolution process. However, the implementation of the plan is still being delayed.
Following the NCLT decision of the National Company Law Tribunal, Jalan Kalrock Consortium, the airline was given 180 days to pay its former creditors and Rs. 250 crore to its former employees. While May 14th is the deadline, the consortium has not made any payments, a spokesman said.