Goyal steps down as Jet Airways chairman
Jet Airways founder and chairman Naresh Goyal has stepped down from his leadership position, clearing the way for the Indian carrier’s major creditors to execute the next stage of a bailout. After a March 25 board meeting, Jet Airways informed stock markets that Goyal and his wife Anita have resigned from the board, and Goyal has relinquished his chairmanship. Goyal’s departure has long been seen as a necessary precursor of a new funding deal, although until now his intentions and involvement in the bailout have been unclear. The role of Jet’s part-owner Etihad Airways is also yet to be determined. Etihad’s stake is expected to be diluted as a result of the bailout and ownership reshuffle, and the carrier has lost 1 of its 2 board seats. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-26/eap/goyal-steps-down-as-jet-airways-chairman
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Goyal steps down as Jet Airways chairman
Jet Airways founder and chairman Naresh Goyal has stepped down from his leadership position, clearing the way for the Indian carrier’s major creditors to execute the next stage of a bailout. After a March 25 board meeting, Jet Airways informed stock markets that Goyal and his wife Anita have resigned from the board, and Goyal has relinquished his chairmanship. Goyal’s departure has long been seen as a necessary precursor of a new funding deal, although until now his intentions and involvement in the bailout have been unclear. The role of Jet’s part-owner Etihad Airways is also yet to be determined. Etihad’s stake is expected to be diluted as a result of the bailout and ownership reshuffle, and the carrier has lost 1 of its 2 board seats. <br/>
