Jet Airways (India) clarifies on news of resignation of Captain Sudhir Gaur as "Interim CEO"

6 Jan 2022 , 09:24 AM

Jet Airways (India) Ltd has clarified to the exchanges in relation to news articles appearing in media.

This is with reference to recent news items which appeared in the online editions of various publications on January 5, 2021, which referred to the resignation of Captain Sudhir Gaur as the “Interim CEO” of Jet Airways (India) Limited.

“This is to intimate the Stock Exchange that Captain Sudhir Gaur is not the “Interim CEO” of the Company as reported by certain news agencies,” said company on Wedensday.

As per regulatory filing, Capt. Gaur, who recently resigned from the Company, was employed in July 2021 as VP – Operations and designated as the Accountable Manager of the Company (for the purposes of the requirements under civil aviation laws and regulations).

In terms of the resolution plan approved by the Hon’ble National Company Law Tribunal on June 25, 2021 (“Resolution Plan”), the day-to-day operations and management of the Company are being carried out by the monitoring committee constituted in accordance with the said Resolution Plan (“Monitoring Committee”) until the closing date as defined in the Resolution Plan (as intimated on June 28, 2021).

On account of Captain Sudhir Gaur vacating the office of Accountable Manager of the Company, the Monitoring Committee has provided their in-principle approval to the nomination of Captain Priyapal Singh as the new Accountable Manager of the Company, in a meeting of the Monitoring Committee held today (January 5, 2022 at 4.30 pm IST).

The Company has not yet appointed its CEO and accordingly, all news reports referring to Capt. Gaur as the Interim CEO of the Company are incorrect and denied by the Company, said Jet Airways in a filing.

At around 9:24 AM, Jet  Airways was trading at Rs89.95 per piece up 1.99% on the BSE.