Jet Airways Said to Hire Suzlon Energy’s Amit Agarwal as CFO

Mumbai: Jet Airways (India) Ltd, which is seeking to pare debt and become profitable, has hired as chief financial officer an executive who until last month served in a similar position at Suzlon Energy Ltd, two people with direct knowledge of the matter said.

Amit Agarwal, 46, will join the carrier later this month, the people said, asking not to be identified before a public announcement. He joined Suzlon in 2013, following stints at ArcelorMittal and Essar Steel Ltd Jet Airways, which reported its fourth consecutive annual loss in the year through March, has seen its share price slide 17 percent this year compared with a 7.4 percent loss in the benchmark S&P BSE Sensex.