Beleaguered Jet Airways CEO Vinay Dube Steps Down

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Jet Airways CEO Vinay Dube resigned from his post of Tuesday citing personal reasons, the airline said in a communication. Dube’s resignation comes just a day after chief financial officer (CFO) and deputy chief executive officer (deputy CEO) Amit Agarwal quit from his positions on Monday.

The cash strapped airline has stopped operation on April 17 due to an acute cash crunch and has seen a slew of top executives and board members leave the airlines in recent months. It is yet to find an investor as the successive bidding process has come a cropper.