Why Jet Airways CFO Amit Agarwal resigned citing 'personal reasons'

New Delhi, May 14: This is a new addition of problems in the crisis-prone Jet Airways as its CFO Amit Agarwal has resigned for 'personal reasons'.Grounded carrier Jet Airways' deputy chief executive and chief financial officer Amit Agarwal has resigned, the airline said on Tuesday.Agarwal's resignation is effective from May 13, it said."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. -Jet Airways owns 16 aircraft, including 10 wide-body Boeing 777-300 ERs, rest of the planes were on the lease. The full-service carrier had more than 120 planes in its fleet last year.As concerns mount over the future course of Jet Airways, the sources said lenders have been proactive and cannot be blamed for the current situation at the airlines.The decision of founder-promoter Naresh Goyal to step down came as late as March 25 and he signed a binding agreement to facilitate stake sale only in the second week of April. By then, the airline's operations had been severely affected.

With Agencies