Jet CEO resigns, as airline trims flights

Jet airways Group CEO Ravi Chaturvedi has resigned from the company, with effect from April 1. The carrier's chairman, Naresh Goyal confirmed the resignation. HT Correspondent reports.

Jet airways Group CEO Ravi Chaturvedi has resigned from the company, with effect from April 1.

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The carrier's chairman, Naresh Goyal confirmed the resignation. "Chaturvedi is my good friend and has quit only to join his family in the United States," Goyal said on phone from Malaysia.

Meanwhile, Jet Airways announced that it has cut three of its biggest loss-making international routes, and plans to lease four wide-bodied Boeing 777 aircraft, besides phasing out three Boeing 737 planes.

The carrier, which was overtaken last month by Kingfisher as the largest airline, discontinued the Amritsar-London-Amritsar route in December, and the Bombay-Shanghai-San Francisco and Bangalore-Brussels sectors in January as part of network rationalisation.

"These were the highest loss-making routes. This will, therefore, help us reduce losses further in the next few quarters," Jet Airways CEO Wolfgang Prock-Schaeur told investors.

"In addition we will be phasing out our three Boeing 737 classic aircraft, whose leases expire in Q4 of 2008-09, and not replace them,” he said.

With inputs from PTI