Mumbai, Maharashtra: Founder chairman Naresh Goyal along with wife Anita Goyal has stepped down the Jet Airlines board. Mr. Goyal also resigned as chairman.
Jet Airways Chairman Naresh Goyal stepped down on Monday, paving way for lenders to bail out the financially troubled airline he set up 25 years ago, told the airlines to media sources.
The board meeting held in Mumbai also decided on ways to procure interim funding, an official statement said.
The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes and suppliers besides clearing pending salaries to its pilots.
Lately, the airways company was in the news due to numerous cancellation of flights. It wasn’t the bad weather, Jet has been in a financially weak phase all
SSI chief Rajnish Kumar, however, had insisted that forcing the airline out of business was a bad idea. “We believe that it is in everybody’s interest that Jet Airways continues to fly,” he said.
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