Jet Airways’ survival may rest on Naresh Goyal leaving the cockpit
The airline is in talks with Etihad a second time and with Tata Sons for fresh funds or a stake sale, but any rescue would require Naresh Goyal to step down, or take a less prominent role
New Delhi: Jet Airways Ltd’s 69-year-old founder Naresh Goyal, who started out as an assistant in a travel agency, wove together charm, persistence and consummate dealmaking to build India’s biggest full-service carrier. Now, his penchant for control has emerged as a major obstacle as the indebted airline tries to negotiate a rescue deal, several people who have worked closely with him or known him over the years told Reuters on condition of anonymity.
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