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Naresh Goyal to step down as Jet chairman, quit board

Last updated on: March 25, 2019 16:30 IST

Wife Anita Goyal and one nominee of Etihad Airways PJSC would also step down from the board.

Jet Airways founder and fhairman Naresh Goyal and his wife Anita Goyal will resign from the board of the crisis-hit airline, according to a regulatory filing.

 

The decision was taken at the airline's board meeting held in Mumbai on Monday.

In a filing to the stock exchanges, Jet Airways said Naresh Goyal, Anita Goyal and one nominee of Etihad Airways PJSC would step down from the board.

Abu Dhabi-based Etihad is a strategic partner with 24 per cent stake in Jet Airways.

Naresh Goyal would also cease to be the chairman, the filing said.

Jet Airways, which has been operating for more than 25 years, is grappling with financial crunch and is also looking to raise fresh funds.

The airline has suspended operations on at least 14 international routes till end-April and over 80 planes are on the ground. As many as 54 aircraft have been grounded due to non-payment of lease rentals.

Photograph: Victor Fraile/Reuters

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