Asia

Jet Airways’ deputy CEO and CFO Amit Agarwal resigns

Jet Airways CEO Gives Sassy Reply to Man Who Asked For 2019 Cancelled Flight Refund

According to live mint Jet Airways (India) Ltd’s chief financial officer (CFO) and deputy chief executive officer (deputy CEO) Amit Agarwal has resigned from his positions at the airline, the company said in a statement today.

The airline said that Agarwal resigned due to personal reasons and his resignation is with effect from yesterday.

Amit Agarwal, who joined the airline in December 2015, is a chartered accountant with over two-and-a-half decades of experience.

Considered close to founder Naresh Goyal, Agarwal was responsible for all financial and fiscal management aspects of the company’s business.

Prior to Jet Airways, Agarwal has held the position of chief financial officer at Suzlon Energy apart from various leadership roles at Arcelor Mittal and Essar Steel.

Cash-strapped Jet Airways, which stopped its operations on 17 April due to an acute cash crunch, has seen a slew of top executives and board members leave the airline in the past few months.

Related Topics:jet Airways jet airways crises

Aerospace

India is in talks with Nigeria regarding the export of its single-engine Tejas and Prachand helicopter

Philippines in Talks to Procure India's LCH Prachand Helicopter

India is actively exploring its defense market and making audacious moves to establish itself as a significant player in targeting the African defense market to sell Tejas and Prachand.

According to the sources, Nigeria, in negotiations to purchase Indian aircraft such as the LCA Tejas and LCH Prachand, has recently opted to acquire the M-346FA light fighter-trainer aircraft from Italy. This decision comes after expressing dissatisfaction with the performance of the JF-17 Thunder jets, signaling a shift away from acquiring additional JF-17s.

How will be the Tejas Mark 2 compared to the F-16 block 50/52?

India is actively challenging Russia and China’s long-standing dominance in Africa, focusing on the lucrative market. While the India-Nigeria connection is longstanding, it’s rapidly evolving. In the fiscal year 2021-22, India emerged as Nigeria’s largest trading partner.

In March 2024, India intensified efforts to explore potential exports. A defense industry delegation visited Abuja, Nigeria’s capital, signaling India’s interest in exporting its single-engine Light Combat Aircraft (LCA) Tejas.

Building the LCA Tejas Mark 2 prototype could take longer than expected.

Recent reports suggest Nigeria is considering acquiring 15 fighter jets to replace its aging Chengdu F-7NI fleet, with India emerging as a leading supplier, proposing its indigenous Tejas fighter jet.

The HAL Tejas is an advanced Indian multirole combat aircraft featuring a delta wing design, produced by Hindustan Aeronautics Limited. It serves as a pivotal asset for air defense, maritime reconnaissance, and strike missions, tailored to excel in high-threat scenarios. With nearly 40 initial variants already inducted, the Tejas stands as a cornerstone of the IAF’s operational capabilities.

Comparison of the Tejas Mark1 vs korean T-50 Golden eagle

Previously, Nigeria had explored Indian-built options such as the Light Combat Helicopter (LCH) ‘Prachand,’ Light Utility Helicopter (LUH), and Advanced Light Helicopter (ALH) ‘Dhruv.’

The Prachand helicopter, designed for battlefield deployment as an attack helicopter, stands out with its advanced weaponry and avionics. Positioned to compete with helicopters like the Apache, Turkish T129, and the European Tiger, Prachand emphasizes India’s capability to produce unique and technologically advanced military assets.

Beyond military hardware, India’s strategic move includes establishing a local currency settlement system with Nigeria, a development of notable economic significance forged in May 2024.