Jet Airways Deputy Chief Executive Officer and Chief Financial Officer, Amit Agrawal on Tuesday resigned with immediate effect citing personal reasons.

In a regulatory filing, Jet Airways on Tuesday said that Amit Agarwal had resigned from the services of the company with effect from May 13, 2019, due to personal reasons.

The exit comes days after the airline’s top executive Gaurang Shetty, considered close to founder Naresh Goyal, resigned from the board of directors.

Naresh Goyal had resigned from the company’s board in March 2019 following a meeting of the board.

At present, the fate of the airline formed on May 5, 1993, hangs in balance, as domestic lenders have called for binding bids from potential investors by May 10 to sell a sizeable stake in the company. Private equity firm TPG Capital, Indigo Partners, National Investment and Infrastructure Fund (NIIF) and Etihad Airways had been shortlisted to submit their bids after they gave their EoIs.

On April 17, Jet Airways was forced to announce a temporary suspension of all flight services as it was unable to maintain even bare minimum operations.

Prior to temporarily suspending all flight services, Jet had already folded up most of its operations due to the grounding of around 90 per cent of its fleet by lessors, as its consortium of lenders refused to extend loans to the airline.

Jet Airways pilots had appealed to the State Bank of India (SBI) to release Rs 1,500 crore for cash-strapped airline’s survival and also urged Prime Minister Narendra Modi to help save 20,000 jobs at stake.

(With inputs from IANS)