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Former Delta Airlines VP Vinay Dube appointed new CEO of Jet Airways

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Vinay Dube
Vinay Dube

Vinay Dube has been appointed the newest chief executive officer of Jet Airways, the company announced this week. Photo: AP 

MUMBAI (Diya TV) — Jet Airways India this week named Vinay Dube, a veteran of the aviation industry with experience spanning nearly three decades, as its newest chief executive officer.

The position at the airline has sat empty for more than two years since its previous chief executive, Cramer Ball, resigned his post. The Mumbai-based carrier appointed Gaurang Shetty as the acting interim CEO in early 2016, who was ultimately replaced by Amit Agarwal, the company’s chief financial officer.

Dube most recently served as the senior vice president of Asia Pacific operations with Delta Airlines, a company that has remained one of the world’s largest and most profitable operations in the industry. During his decade-long career at Delta, Dube helped the airline profitably expand its Asia-Pacific business.

Dube has “an established track record of business restructuring at large, complex, multi-national organizations,” Jet Airways said in a statement.

Dube’s appointment comes at a time when the company is confronting competitive pressure and low yields in its business. On Tuesday, India’s second largest passenger airline said its net profit for the March quarter had slumped by 91 percent, the lowest since March of 2015. These results come amid rising costs of jet fuel, lower airfares and a weak demand of flights in the key Gulf region.

In his role as chief executive, Dube will be charged with strengthening the airline’s overall business performance and its position in the domestic and international markets. He will also head the airline’s executive management team that has been tasked by the board of directors to drive the company’s growth and future strategy by leveraging its partnership with equity partner Etihad Airways.

“I am delighted that Vinay Dube will be joining Jet Airways as its chief executive officer. An Indian American, Vinay brings an enviable combination of smart and sharp mindset with global exposure to industry best practices,” said Jet Airways chairman Naresh Goyal. “I am sure Jet Airways will gain substantially from his wealth of experience and industry insight. I personally look forward to Vinay providing leadership to the entire Jet Airways team.”

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New Zealand eliminates India in cricket World Cup

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New Zealand wins Cricket

MANCHESTER, England (Diya TV) — After a rain delay stopped play between New Zealand and India, when play resumed, the Kiwis held on to win by 18 runs, knocking India out of the Cricket World Cup. It’s on to the championship round for New Zealand.

The United States Immigration and Customs Enforcement (ICE) raided an Indian restaurant in Washington DC, detaining several employees.

Airbnb, the Silicon Valley couchsurfing startup turned hospitality behemoth, says they made a direct economic impact of around $150 million in India in 2018.

Indian Airbnb hosts collectively made almost $28 million and welcomed nearly 800,000 guests last year. 

Chennai-based speech recognition startup, Uniphore Software Systems, raised $38 million as part of its Series C round. They’ve received funding from California venture capital firm March Capital Partners and former Cisco CEO John Chambers. 

And Indo-Australian Priya Serrao was crowned Miss Universe Australia 2019.

The 26-year-old policy advisor from the state of Victoria said she will use her new platform to promote multiculturalism. 

Ravi Kapur contributed to this report.

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Trump says tariffs by India are ‘No longer acceptable’

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Tariffs no longer acceptable

WASHINGTON (Diya TV) — In a tweet, President Trump targeted India once again, saying “India has long had a field day putting Tariffs on American products. No longer acceptable.”

Yet earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products from U.S. levies.

One of the most unique characters ever to run for President has died. Billionaire businessman Ross Perot was 89. Many give his independent campaign in 1992 credit for helping Bill Clinton beat incumbent George H.W. Bush.

A day after Democratic Congressman Eric Swalwell got out of the race, another billionaire businessman, Tom Steyer, jumped into the Presidential fray.

India’s OlaCabs recently launched its ride-sharing services in London. And now Ola Electric, their electric vehicle spinoff, just raised a $250 million Series B round at a $1 billion valuation. It plans to bring 10,000 vehicles to the road this year.

And the world will have to wait another day to find out who will play for the Cricket World Cup, after a rain delay stopped play between New Zealand and India.

Ravi Kapur contributed to this report.

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Trump meets Modi & Abe in Japan

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OSAKA, Japan (Diya TV) — President Donald Trump held a trilateral meeting with Indian Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe. According to Ivanka Trump, the conversation encompassed 5G technology, working through details on trade and ongoing national security interests for each party.

From Japan, President Trump went to South Korea and entered the demilitarized zone between South Korea and North Korea. He then walked into North Korea to meet with Chairman Kim Jong Un, becoming the first sitting President to ever to enter North Korea.

Silicon Valley startup Fungible announced they’ve raised $200 million from a group of investors including Softbank, taking their total raise to $300 million. A leader in data-centric computing, Fungible is led by CEO Pradeep Sindhu, who previously founded Juniper Networks.

The NBA free agency signing period kicked off with a bombshell: Kevin Durant is leaving behind the team he won two championships with, The Golden State Warriors, for the upstart Brooklyn Nets. Kyrie Irving will join him there. The Warriors traded for the Nets player most impacted by those deals, D’Angelo Russell.

And England beat India by 31 runs in the Cricket World Cup, giving Team India its first loss of the Cup. India will face Bangladesh next.

Ravi Kapur contributed to this report.

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