Jet Airways CEO Resigns

jetairways_logoAccording to news reports, Jet Airways Ltd has announced the resignation of its CEO Nikos Kardassis, who has been handling the position for five years. Kardassis was on leave when the Jet-Etihad Airways deal was signed recently. The COO of Jet Airways, Captain Hameed Ali, has been appointed as the interim CEO, Jet Airways said in a filing to the stock exchange. Kardassis resigned from the airline on June 5, 2013, it said.

“The board recognises the significant contributions made by Kardassis over five years to enable the company to secure its leadership position in the aviation industry,” Jet Airways said. An old hand at Jet Airways, this was Kardassis’s second stint with Jet, stated the report.

Speculation was rife for the past several months, especially after Jet started negotiating with Etihad, that there would be a leadership change and Kardassis would leave. He first joined Jet in 1994 and continued till 1999. He had also served as senior vice-president, the Americas, for Jet, prior to his appointment as the CEO.

 

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