Naresh Goyal, wife Anita to step down from Jet Airways board

Adam Rizvi March 25, 2019February 9, 2020 0 Comments #AdamRizvi, #AirlinesOfIndia, #airlineturbulence, #AnitaGoyal, #bankruptAirlines, #ChairmanNareshGoyal, #EithadAirlines, #EtihadAirways, #Jetairways, #JetairwaysGrounded, #JetairwaysSalaries, #JetAirwaysSuspendsOperation, #Modigovernment, #NareshGoel, #NareshGoyal, #NareshGoyalResigns, #StakeInJetairways, #StateBankofIndia, #TheIndiaObserver, #TIO

Mumbai, March 25: Jet Airways Founder and Chairman Naresh Goyal and his wife Anita Goyal will resign from the board of the crisis-hit airline, according to a regulatory filing.The resignation followed the airline board’s meeting in Mumbai on the day to decide on ways to procure interim funding as well as the future role of Goyal.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’s pilots along with engineers and other highly critical segments of employees have not been paid salaries from January 1, sources said, adding only 12.5 per cent of December pay was given.

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

Meanwhile, the Jet Airways stocks jumped 12 per cent on Monday afternoon following reports on Naresh Goyal’s resignation from the company’s board.

– PTI inputs

Adam Rizvi

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