Sat, 21 Sep 2019

Jet Airways' director Nasim Zaidi quits board

22 Apr 2019, 15:55 GMT+10

Mumbai (Maharashtra) [India], Apr 22 (ANI): Grounded carrier Jet Airways said on Monday its Non-Executive and Non-Independent Director Nasim Zaidi has quit the board citing personal reasons and time constraints.

Zaidi was the former Civil Aviation Secretary and Chief Election Commissioner before joining the Jet Airways board in August 2018.

"This is to inform you that Nasim Zaidi has submitted his resignation as a Non-Executive, Non-Independent Director of the company with effect from April 21 due to personal reasons and constraints of time," Jet Airways informed stock exchanges in regulatory filings.

The airline, which ceased all its operations temporarily last week, is under the management control of State Bank of India-led consortium of lenders following a debt-restructuring plan approved by its board last month.

At 10:30 am, the Jet stock was down 10.10 per cent at Rs 147.35.


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