Jet, once the biggest private carrier in the country, owes vast sums to its lessors, employees, fuel suppliers and other parties. It stopped all flights from April 17 after its lenders refused to give it any more funds to keep the carrier flying. The departure of Chief Executive Vinay Dube comes hard on the heels of the resignation of Chief Financial Officer Amit Agarwal, announced earlier in the day. CONDITIONAL OFFERSFor months, Jet has tried to convince investors, including Etihad, to pump in money and save the airline. Dube took over as the airline’s CEO in August 2017, filling in a spot that had been vacant since early 2016.

Source: Hindustan Times May 14, 2019 11:33 UTC