Naresh Goyal puts in bid for Jet Airways
Business | April 12, 2019 22:59 ISTJet Airways founder Naresh Goyal has put in bid for buying stake in the ailing airline, sources said.
Jet Airways founder Naresh Goyal has put in bid for buying stake in the ailing airline, sources said.
The crisis-hit carrier is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore.
"For the sake of my family of 22,000 employees and their respective families, I have today taken the step of stepping down from the board of Jet Airways," he said in a statement issued by the airline.
The news of Goyals' departure from Jet Airways has had a favorable response in the share market. In afternoon trade, shares of Jet Airways rose nearly 15 per cent to Rs 261 on the BSE.
With regular grounding of aircraft, sources said close to 50 per cent of airline's fleet is not operational. Analysts said the situation is fast moving on the path taken by now defunct Kingfisher Airline.
Goyal’s offer comes against the backdrop of strategic partner Etihad reportedly putting forward strict conditions, including that Goyal should give up control, for infusing funds into the crisis-hit carrier.
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New Delhi, Nov 9: In his latest round of allegations, Arvind Kejriwal today targeted multinational HSBC Bank accusing it of indulging in money laundering and claimed Ambani brothers, Naresh Goyal and Congress MP Annu Tandon
Mumbai, Mar 8: The financial trouble plaguing the aviation sector seems to have impacted the country's largest private airline Jet Airways as well, with the pilots meeting the top management today over delayed salaries. Chairman
New Delhi, Dec 27: Jet Airways Chairman Naresh Goyal today maintained that he has not violated Income Tax law provisions or evaded taxes and he has already responded to notice of the authorities seeking explanation
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