The Economic Times | A Times Internet Limited product
A cluster of three companies said to represent Jet Airways founder Naresh Goyal has withdrawn from the bidding process for the distressed airline after Etihad Airways and TPG Capital threatened to walk out of the deal if Goyal was part of it. Meanwhile, Jet’s management has proposed a complete suspension of operations to its board in an ongoing meeting as there is no financial assistance forthcoming from the airline’s lenders
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Watch Jet Airways: Naresh Goyal withdraws from bidding after Etihad, TPG Capital threaten to walk out With HD Quality.
The Economic Times | A Times Internet Limited product
A cluster of three companies said to represent Jet Airways founder Naresh Goyal has withdrawn from the bidding process for the distressed airline after Etihad Airways and TPG Capital threatened to walk out of the deal if Goyal was part of it. Meanwhile, Jet’s management has proposed a complete suspension of operations to its board in an ongoing meeting as there is no financial assistance forthcoming from the airline’s lenders
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Watch Jet Airways: Naresh Goyal withdraws from bidding after Etihad, TPG Capital threaten to walk out With HD Quality
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The Economic Times | A Times Internet Limited product
Jet Airways founder Naresh Goyal has decided not to bid for acquiring stake in the cash-strapped airline, sources said Tuesday. The full service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan.
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Watch Naresh Goyal opts out from bidding for ailing Jet Airways With HD Quality
News video | 693 views
The Economic Times | A Times Internet Limited product
Jet Airways founder and principal promoters Naresh Goyal, and his wife Anita Goyal will today step down from the board and leave the airline they founded nearly 25 years ago, ET Now learns exclusively from sources. The formal announcement on the Goyals exit is expected later today.
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Watch Jet Airways founder Naresh Goyal, his wife Anita Goyal likely to step down from board With HD Quality
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Watch Jet Airways Flight Hits Another Jet Airways Flight In Delhi | Major Disaster averted | iNews With HD Quality
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Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee Top Telugu TV
Debt-ravaged Jet Airways India, the country's biggest so-called full-service airline, is selling a majority stake for 1 rupee - a little more than 1 US cent. It's part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country's most visible companies at a sensitive time, with India's general election just weeks away.
Entertainment video | 2261 views
Jet Airways' shares jumped over 16 per cent on Monday after a report that founder and chairman Naresh Goyal was likely to step down from the board of the embattled company and give up majority control. Reports are that Jet was likely to finalise a resolution plan with its lenders this week, and that Goyal would trim his 51 per cent stake to 20-25 per cent and agree to voting rights on his stake being capped at 10 per cent, in a bid to save the debt-laden carrier.
News video | 1816 views
State Bank of India (SBI), the country's largest lender, chairman Rajnish Kumar said the lenders have received two unsolicited bids for the cash strapped Jet Airways and another one is expected by the end of the day.However, people in the know told ET now that Etihad has submitted a binding bid for Jet Airways minutes ahead of the deadline. It has also informed that the SBI Caps will have an Indian partner for acquiring a controlling stake in the grounded airline. Currently, Etihad leadership is in Mumbai.
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Watch Etihad submits binding bid for Jet Airways ahead of deadline With HD Quality
News video | 536 views
Stakeholders in the restructuring process are in a hurdle. The stake of Naresh Goyal may fall below 15 percent post the fresh share issuance, while that of Etihad may go above 40 percent as it infuses money equity. Watch!
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News video | 1936 views
The Economic Times | A Times Internet Limited product
Jet Airways' founder Naresh Goyal has agreed to step down as chairman of the airline's board, a source with direct knowledge of the matter told Reuters on Thursday, as the cash-strapped Indian carrier inches closer to securing a rescue deal.
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News video | 600 views
Naresh Goyal, the founder chairman of India's oldest private sector airline Jet Airways, and his wife Anita Goyal have stepped down from the its board. Goyal has also resigned as chairman. Lenders to the beleaguered carrier will now take over the management and board of Jet until it finds a new strategic investor, it said in a filing to the Bombay Stock Exchange. Tune in as ET's Anirban Chowdhury brings you all the details about the Jet Airways crisis. (Text: ET Bureau)
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Watch Naresh Goyal steps down- Everything you need to know about Jet Airways crisis | Economic Times With HD Quality
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