Kingfisher Airlines board accepts CEO Sanjay Aggarwal's resignation

NEW DELHI: Kingfisher AirlinesBSE 4.20 % today said its board has accepted the resignation of Sanjay Aggarwal, who had put in his papers as chief executive officer nearly a year ago.

 Faced with mounting losses and rising debt, Kingfisher Airlines stopped flying in October 2012. The carrier's two-year window to renew its flying license also lapsed last year.

 The company today informed the BSE that Aggarwal's resignation has been accepted by the board.
 Source: http://goo.gl/A0Adz6