Naresh Goyal agrees to step down as Jet chairman2 min read 28 Feb 2019, 07:53 PM IST
Etihad Airways, which owns a 24% stake in Jet Airways, is however still to agree on several proposals put forward by a group of lenders led by SBI
Naresh Goyal’s stake in Jet Airways will drop from 51% to around 22% once the lenders’ debt is converted into equity
Mumbai: Jet Airways (India) Ltd’s founder Naresh Goyal has agreed to step down from the airline’s board as its chairman as part of a plan to secure a rescue deal for the cash-strapped company, a person familiar with the matter said.
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