Ravi Chaturvedi leaves after four months
Jet Airways' ceo Ravi Chaturvedi has resigned just four months after he was appointed.
India's second largest airline said Mr Chaturvedi had decided to return to the US where he was with Proctor & Gamble before joining Jet.
"Jet Airways Group ceo Ravi Chaturvedi has resigned from the company, citing personal reasons," Jet told ABTN today (February 20).
"Mr Chaturvedi and his family desire to return back to the United States."
Jet has not yet named a successor although former Austrian Airlines executive Wolfgang Prock-Schauer may step in.
The airline - hit by the current financial crisis, a fall in passenger traffic and unaided by its relatively rapid expansion - recently dropped London-Amritsar, Brussels-Bangalore and Mumbai-Shanghai-San Francisco.
As part of further cost cutting measures, the airline asked top management to accept a 25% salary reduction.
The Mumbai-based carrier reported substantial post-tax losses in Q3 2008 of Indian rupees 2,142m ($44m) compared with Indian rupees 911m ($23.1m) for the same period in 2007.
While revenue rose by 21.7% to rupees 30,631m ($628.8m) for the quarter ending December 31, passenger numbers dropped by 13.1% to 2.56m.
Jet said airlines around the world were experiencing "turbulence" which it expected to last for the "next few quarters."
It said the recent terror events in India had also hit travel but added: "Even under such circumstances, we have been able to maintain our operating margins and in fact have improved margins on our International business.
"This is largely due to rationalisation of capacity."