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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The resignation comes even as several attempts to revive the airline have come to a standstill.
Editor's note: Jet Airways CEO designate Sanjiv Kapoor has resigned, reinforcing the belief that the revival of the erstwhile full-service airline now looks improbable. “Today is his last working day,” says a senior executive from within the airline, asking not to be named. The Jalan-Kalrock consortium, which had won the bid to revive the carrier, released a statement on Friday confirming the resignation. It also said a new CEO will be appointed shortly. Kapoor’s resignation comes just a few days after the airline’s accountable manager, P.P. Singh, also put in his papers. The exit of the top two executives is a sign that the tussle between the airline’s lenders and the Jalan-Kalrock consortium continues without a solution in sight. Kapoor, an industry veteran who had stints in SpiceJet and Vistara, had joined Jet Airways in April 2022 in what was seen as a significant step towards restarting the airline. He went on to set up a team, including the crew and ground staff, preparing to restart services from October last year. But the deadline kept getting extended. In the latest round of …
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
Dubai International Airport and Fujairah port were once again disrupted on Monday. Separately, there is a new warning that this conflict could result in the region’s worst crises in decades.
The oil giant’s chief says the ongoing Mideast conflict and the consequent Strait of Hormuz disruption could have catastrophic consequences; a look at the conflict’s effect in Bahrain.
