Naresh Goyal

Naresh Goyal News

Ex-Jet Airways chairman Naresh Goyal, wife denied permission to travel abroad

Naresh Goyal, along with Anita Goyal, had resigned from the board of Jet Airways, which he founded 26 years ago, in March following a debt restructuring plan. He had also resigned as the airline chairman.

Jet Airways suspends operation: A peek into the past of one of the pioneers of India's private aviation industry

As low-cost airlines made their way into India's civil aviation sector in the 2000s, Jet Airways decided to lower the fares drastically. The losses and the resulting debt grew throughout the past decade, and Jet Airways began defaulting on loans.

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Jet Airways could 'suspend' operations as ex-chairman Naresh Goyal opts out of bidding

The full-service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan.

Naresh Goyal pledges 26 per cent stake in Jet Airways with PNB for loans

Last month, Goyal stepped down as the chairman of the airline as part of a debt-resolution plan. This is expected to enable the banks to fund a suitor for the ailing carrier.

Rescue deal is no panacea for India's struggling Jet Airways

Jet shares have rallied 20 per cent since news of the rescue on hopes that the airline would now be able to clear salaries, redeploy grounded planes and claw back market share.

Jet Airways shares rally further, zoom nearly 9% after Naresh Goyal steps down

Jet Airways stock opened on a bullish note Tuesday and jumped 8.80 per cent to Rs 276.90 on the BSE and at the NSE, shares advanced 8.93 per cent to Rs 276.80.

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Jet Airways to clear dues & salaries, restore normal operations

The firm has formed an Interim Management Committee to oversee the performance under the supervision of the board with the support of McKinsey & Co.

Jet Airways debt crisis: Naresh Goyal, wife quit board, lenders step in to keep it flying

According to the lenders’ bailout plan, Goyal and his wife Anita Goyal, and one nominee of Etihad Airways, Kevin Knight, will step down from the board.

No sacrifice too big for me to safeguard Jet interest: Naresh Goyal

"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,” Goyal said.

Naresh Goyal, wife step down from Jet Airways' board

With this, Naresh Goyal ceases to be the chairman of the airline, which has been grappling with more than Rs 8,200 crore debt, unpaid salaries and a grounded fleet.

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