Jet Airways Acting CEO Captain Sudhir Gaur resigns

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Jet Airways interim CEO Captain Sudhir Gaur has resigned from his post, industry sources say.

Although news of his exit from Jet Airways arrived on Wednesday, sources said Captain Sudhir Gaur filed his papers much earlier.

The reason for his sudden departure from the airline remains unknown. India Today TV has contacted the Jalan Kalrock Consortium regarding news of Captain Sudhir Gaur’s resignation at the time of publication, and is awaiting a response.

It can be noted that Jet Airways is set to make its comeback after the approval of a resolution plan last year to resume operations in 2022, nearly two years after it came to a standstill in April 2019 due to a financial crisis.

A resolution plan submitted by the Jalan-Kalrock consortium had been approved earlier, following which the new owners were to begin domestic operations this year.

In December, the consortium approached the National Company Law Tribunal (NCLT) to speed up the implementation of the approved resolution plan by injecting capital into Jet Airways.

The consortium also wanted to start payments to all stakeholders, including former employees, laborers, ticket applicants and lenders of Jet Airways in accordance with the plan approved by the NCLT in June 2021.

In December 2021, Murari Lal Jalan, lead consortium member and proposed promoter and non-executive chairman of Jet Airways, said: “We are delighted to embark on the next phase of the relaunch of the airline’s most beloved airline. India. At JKC, we await the Honorable NCLT’s decision on our latest case and look forward to resuming Jet Airways operations as soon as possible. “

Jalan added, “The Consortium is ready with its investments, and given the operational progress the team has made since the NCLT approval in June 2021, we believe it is time to immediately fund the business for the relaunch of the company, without delay ”.

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The Consortium wants to start payments to all stakeholders, including former employees, laborers, ticket applicants and lenders of Jet Airways, in accordance with the plan approved by the NCLT in June 2021.

A full-service airline, Jet Airways ruled the Indian aviation market until the beginning of the last decade before abruptly shutting down in April 2019. It attempted to regain its wings under new management led by the Consortium. Jalan Kalrock.

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