Soon to be revived, grounded Jet Airways has announced that its acting CEO, Sudhir Gaur, who was working as the Vice President of Operations and later designated as the Accountable Manager has resigned months ahead of the airline’s proposed relaunch. The full-service carrier who will initially launch its domestic operations in India has informed that its Managing Committee has provided in-principal approval to the nomination of Captain Priyapal Singh, to fill the position vacated by Gaur and become Jet’s new accountable manager.
According to the statement issued by the airline on the matter, it has clarified that Gaur was not working as the ‘interim CEO’ but was designated as the accountable manager and it is yet to appoint a CEO. An accountable manager functions and works to ensure tasks approved by the Managing Committee or the competent authority are financed and executed to standards required by the aviation regulator, in India which is DGCA. In most cases, the role is performed by the Chief Operating Officer of the company.
A commercial pilot, Gaur had joined Jet Airways in July 2021 and was later designated as the Accountable Manager of the airline by the new owners- the Jalan Kalrock Capital consortium, backed by UAE-based Murari Lal Jalan and investment firm Kalrock Capital.
Singh has been associated with Jet in the past as the Former Senior Vice President of Operations at Jet Lite, a low-cost subsidiary of Jet Airways. In his last work commitment, he was Head of the Training and Standards at Nepal Airlines.
The resignation from a top management official employee of the company comes as a huge blow to the airline looking to fly again since it was grounded due to bankruptcy. A few weeks ago, the new owners, Jalan Kalrock Capital consortium had approached the National Company Law Tribunal (NCLT) to fast-track the airline’s resolution plan with immediate fund infusion.
The Consortium said it wants to commence payments to all stakeholders including former employees, workmen, ticket claimants, and lenders of Jet Airways as per the plan approved by the NCLT in June 2021. Jet Airways had declared that it plans to start domestic operations as a full-service carrier as soon as possible in 2022 after it gets necessary approvals.
The airline plans to commence operations this year with six narrow body-type aircraft and aims to reach over 100 aircraft fleet in the next five years. Jet Airways 2.0’s new corporate office is in Gurugram, and the Consortium is looking for a bigger office in Delhi NCR to house the entire team in one office. Murari Lal Jalan is the lead member and proposed promoter of Jet Airways.