Nasim Zaidi quits as non-executive director of grounded carrier Jet Airways

Nasim Zaidi quits as non-executive director of grounded carrier Jet Airways

PTIUpdated: Wednesday, May 29, 2019, 12:02 AM IST
article-image
AFP PHOTO / PIB / HO / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / PIB" - NO MARKETING NO ADVERTISING CAMPAIGNS |

Mumbai: Grounded carrier Jet Airways on Monday said its non-executive and non-independent director Nasim Zaidi has quit the board, citing personal reasons and time constraints. Zaidi, the former Chief Election Commissioner and ex- civil aviation secretary, joined the Jet Airways board in August last year.

“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 said in an exchange filing. 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-recast plan approved by its board last month.

RECENT STORIES

Mumbai: Andheri Trader Acquitted By SEBI Judge Over Non-Timely Receipt Of Penalty Order

Mumbai: Andheri Trader Acquitted By SEBI Judge Over Non-Timely Receipt Of Penalty Order

Why Are Residential Townships More Appealing In Comparison To Other Housing Options?

Why Are Residential Townships More Appealing In Comparison To Other Housing Options?

Real Estate: Strategies For Building Long-Term Wealth

Real Estate: Strategies For Building Long-Term Wealth

NAREDCO Hails REITs As Game-Changer For Accessibility In Indian Real Estate Investment

NAREDCO Hails REITs As Game-Changer For Accessibility In Indian Real Estate Investment

How To Enjoy Trouble Free Elevator Operations During The Summer Season

How To Enjoy Trouble Free Elevator Operations During The Summer Season