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Jet Airways Shares Continue To Fall For Third Day After Senior Officials Quit Airline

Shares of Jet Airways had on Tuesday plunged over 7 per cent and had plummeted over 8 per cent Monday.

Jet Airways Shares Continue To Fall For Third Day After Senior Officials Quit Airline
| File Photo
Jet Airways Shares Continue To Fall For Third Day After Senior Officials Quit Airline
outlookindia.com
2019-05-15T13:34:16+05:30

Shares of Jet Airways continued to fall for the third straight session Wednesday, dropping nearly 7 per cent, after four senior executives, including chief executive Vinay Dube and his deputy Amit Agarwal, quit the ailing airline.

After a weak opening, the scrip further tumbled 6.85 per cent to Rs 120.25 -- its 52-week low -- on the BSE.

On the NSE, shares slumped 6.90 per cent to Rs 120.

In top-level exodus at grounded Jet Airways, four senior executives have quit the ailing airline.

Amid lenders scrambling to find a suitor, the cash-starved carrier on Tuesday announced the exit of three executives -- Dube, Agarwal and Company Secretary Kuldeep Sharma -- while a source said the carrier's Chief People Officer Rahul Taneja has also put in his papers.

Shares of Jet Airways had on Tuesday plunged over 7 per cent and had plummeted over 8 per cent Monday.

Jet Airways stopped flying from April 17 after it ran out of cash.

(PTI)

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