Naresh Goyal, one of the biggest names in Indian aviation, finally called it a day at Jet Airways, the airline he founded 27 years ago.
But the fate of the carrier—it owes over Rs 8,000 crore to lenders—continues to hang in the balance as it looks for a new investor to operate it. Ending months of a boardroom tug-of-war, Goyal and wife Anita stepped down, along with a representative from Etihad Airways (the UAE’s official carrier) which earlier owned 24 per cent in Jet.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE
April 8, 2019