I quit for the sake of my family of 22,000 employees: Naresh Goyal

Goyal, along with his wife Anita and Etihad Airways PJSC’s nominee director Kevin Knight, have stepped down from the board of the ailing airline, which will also receive an immediate funding of Rs 1,500 crore…. Continue Reading

Minimise passenger inconvenience: DGCA asks Jet Airways

Cash-trapped carrier Jet Airways is not operating at full potential, grounding over 40 per cent of its total fleet due to various reasons including non-payment of rentals, reports state. Continue Reading

Goyal’s stake in Jet to dip below 20% as Etihad eyes 40% mark

To be finalised in the next two weeks, the new plan took place when Etihad Airways appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways. Continue Reading

Jet board dicusses fundraising in unscheduled meet

Jet Airways’ board discussed ways to raise funds without taking an investor on board as chairman Naresh Goyal does not want to give up control in the loss-making carrier he set up 25 years ago, a source said. Continue Reading