Jet Airways CEO quits six months after joining carrier

Monday, 20 January 2014 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Jet Airways said last week Chief Executive Gary Kenneth Toomey had resigned, six months after joining the country’s No.2 carrier by domestic market share.

Jet Airways, which closed a deal last November to sell a 24% stake to Abu Dhabi’s Etihad, did not give a reason for Toomey’s resignation, which it said was with immediate effect. Chief Financial Officer Ravishankar Gopalakrishnan will be the acting CEO until the board names a new chief, Jet Airways said in a stock exchange filing. Toomey, an Australian national who previously worked with airlines, including Air New Zealand and Qantas, joined Jet Airways in July last year. Jet Airways posted a record loss for its fiscal second quarter to end-September.