Jet Airways Current Affairs

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Amit Agarwal appointed as CFO of Jet Airways

Private air carrier Jet Airways has appointed Amit Agarwal as its new full time Chief Financial Officer (CFO).

His appointment will fill the vacancy of full time CFO of Jet Airways which was vacant since March 2014 after then CFO Ravishankar Gopalakrishnan parted ways with the airline.

In his new role, Amit Agarwal will be responsible for all financial and fiscal management aspects of the airlines business. With this appointment he also joins the operating committee that has been tasked by the airline’s board of directors to lead the airline’s growth strategy.

About Amit Agarwal

  • Amit Agarwal is Chartered Accountant (CA) by profession with more than 24 years of rich experience and had worked in India, Europe and North America.
  • He is a seasoned finance professional with knowledge and insights of Indian and international markets.
  • Prior to joining Jet Airways, was working Suzlon Energy as the CFO and used to manage company’s finances and drive its turnaround initiatives.
  • Prior to Suzlon, he had had worked Arcelor Mittal – Europe and Essar Steel at various senior designation.

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Jet Airways bans shipment of shark fins to protect declining shark population

As per press release from Human Society International (HSI) India, Jet Airways Cargo has instituted a policy to ban the shipment of shark fins. Jet Airways by instituting this policy has joined group of major international carriers committed to protect declining shark populations and marine ecosystems.

Other growing league of environmentally conscious airlines are  Emirates, Philippines Airlines, Korean Airlines, Asiana Airlines, Qantas and Air New Zealand, all of whom have made a public commitment to stop carrying shark fins

Why there is need to ban the shipment of shark fins?

  • Sharks are top predators and important for survival and maintenance of healthy marine ecosystem.
  • Shark fin trade is one of the main reasons for the decline in the shark population globally.
  • Shark finning: It is the process of removal and retention of shark fins. This removal of fins doesn’t allow shark to move effectively resulting in sinking to bottom of the ocean and die.
  • Shark finning has increased since 1997 largely due to the increasing demand for shark fins for shark fin soup and traditional cures, particularly in China and its territories.
  • This environment friendly decision of HSI along with international carriers will help to stop Shark fin trade by cutting off supply chain.

India and Shark finning

Some research reports suggests that India is the world’s second-largest shark catching nation and one of the world’s largest exporters of shark fins. As per trade reports and undercover investigations, the shark fins are commonly transported from India to places like Hong Kong, Dubai and China as cargo on airlines.

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