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.
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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India's oldest private carrier suspended all operations temporarily on Wednesday, with no money to fly and banks refusing to lend any more. It has left more than 15,000 employees in the lurch. What will be the future of Jet Airways? Anirban Chowdhury has more.
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Watch The Jet saga: Possible outcomes | Jet Airways Crisis | Economic Times With HD Quality
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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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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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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.
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In a huge diplomatic win for India, the United Nations Wednesday designated Pakistan-based Jaish-e-Mohammed chief Masood Azhar as a 'global terrorist' after China lifted its hold on a proposal to blacklist him. A UNSC designation will subject Azhar to an assets freeze, travel ban and an arms embargo. China removed its hold on the proposal, which was moved by France, UK and the US in the Security Council's 1267 Al Qaeda Sanctions Committee in February just days after the deadly Pulwama terror attack carried out by the JeM. Dipanjan Roy Chaudhury brings you all the details. (Text: PTI)
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The Supreme Court on Friday set aside the July 4 order of the NCLAT approving ArcelorMittal's Rs 42,000-crore bid for acquiring debt-laden Essar Steel. A bench headed by Justice RF Nariman quashed the NCLAT order which had given financial creditors equal status with operational creditors in the distribution of ArcelorMittal's bid amount. The bench clarified that financial creditors enjoy primacy and the adjudicating authority cannot interfere with the decision approved by the committee of creditors. ET's Karunjit Singh has more. (Text: PTI)
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Watch NCLAT's Essar Steel ruling set aside: Everything you need to know | Economic Times With HD Quality
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No last word from lenders on interim funding yet. But, we believe in Jet and will leave no stone unturned to resurrect Jet. We are in constant touch with lenders: Jet Airways CEO Vinay Dube
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Watch Jet Airways CEO Vinay Dube breaks his silence on Jet crisis With HD Quality
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Jet Airways Chairman Naresh Goyal has offered to invest up to Rs 700 crore in the crisis-hit airline as well as pledge all his shares on the condition that his stake does not fall below 25 per cent, according to a letter.
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