MUMBAI: Jet Airways chief executive officer Cramer Ball has resigned and the airline's whole-time director Gaurang Shetty will work as acting CEO in his place, JetAirways announced today.
Ball's resignation will be effective from February 29 next year, it said.
Jet Airways had appointed Ball as its CEO in May last year.
Ball has quit the airline to pursue a new opportunity, in Europe for family reasons, it said.
"Cramer has, during his tenure, made a significant contribution in the journey to turn around Jet Airways. The company recorded two consecutive profitable quarters after agap of eight years," Jet Airways Chairman Naresh Goyal said inrelease.
Shetty, will now lead the operating committee in managingthe day-to-day operations of the company, the release said,adding that he will be functioning under the supervision and control of the Board of Directors, chaired by Goyal.
"I am honoured to have been able to play a part in theturnaround of Jet Airways, as it moves towards long-termsustainable profitability... I am pleased with the progressthat has been made," Ball said on his resignation.