Jet Airways gets security nod for Vinay Dube’s appointment as CEO

By: | Published: August 9, 2017 6:45 PM

After waiting for over two months, Jet Airways today received security clearance of the government for the appointment of Vinay Dube as the chief executive officer.

jet airways, vinay dube, vinay dube appointment, vinay dube jet airways ceo, Cramer BallThe full-service carrier said Dube’s appointment will be effective today. An Indian American, Dube’s appointment was approved by the airline’s board of directors on May 30. Jet Airways has been without a full-time CEO since Cramer Ball quit in February 2016. (Reuters)

After waiting for over two months, Jet Airways today received security clearance of the government for the appointment of Vinay Dube as the chief executive officer. The full-service carrier said Dube’s appointment will be effective today. An Indian American, Dube’s appointment was approved by the airline’s board of directors on May 30. Jet Airways has been without a full-time CEO since Cramer Ball quit in February 2016. The civil aviation ministry, through a letter today, “granted security clearance for the appointment of Vinay Dube as the CEO of the company,” Jet Airways said in a filing to stock exchanges. Consequently, Amit Agarwal ceases to be the acting CEO of the company, the filing added. Since the exit of Ball last year, there have been two acting CEOs — Gaurang Shetty and Amit Agarwal. Prior to this appointment, Dube was senior vice-president (Asia Pacific) at Delta Air Lines and was associated with the US-based carrier since 2007.

In a release on May 31, the airline had said Dube would be responsible for strengthening the airline’s overall business performance and its position in the domestic and international markets. He would also head the executive management team that had been tasked by the board with driving the airline’s growth and future strategy “by leveraging its enduring partnership with our equity partner Etihad Airways”, the release had said. Dube’s appointment also comes at a time when the airline is facing challenging business conditions.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition