Naresh Goyal steps down as Jet Airways Chairman


ANI | Mumbai (Maharashtra) | Updated: 25-03-2019 15:53 IST | Created: 25-03-2019 15:53 IST
Naresh Goyal steps down as Jet Airways Chairman

Jet Airways Chairman Naresh Goyal stepped down on Monday, paving way for lenders to bail out the financially troubled airline he set up 25 years ago.

The board meeting held in Mumbai also decided on ways to procure interim funding, an official statement said.

The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes and suppliers besides clearing pending salaries to its pilots. (ANI)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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