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Ranjan Mathai resigns as Jet Airways independent director

Mathai is the second independent director to quit Jet Airways board in two weeks after Vikram Singh Mehta.

Edited by: India TV Business Desk, New Delhi [ Published on: November 23, 2018 8:23 IST ]
Image Source : PTI

Jet Airways independent director resigns

Retired diplomat Ranjan Mathai has resigned as an independent director on its board due to his other commitments, said Jet Airways on Thursday. Mathai was quitting because of increasing demands on his time from his other commitments, including some of academic nature, the airline statement said.

"I am no longer able to devote the time required to meet my obligations as an independent director on the board of Jet Airways and have accordingly decided to resign from the board," Mathai was quoted as saying in Jet Airway's statement.

Mathai, a former foreign secretary, is the second independent director to quit Jet Airways board in two weeks after Vikram Singh Mehta.

He had joined the board last year.

Jet Airways is grappling with financial woes and is in discussions with several investors for raising funds.

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