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Jet Airways crisis: Naresh Goyal, wife Anita exit

Jet Airways crisis: Naresh Goyal, wife Anita exit

India Blooms News Service | @indiablooms | 25 Mar 2019, 10:57 am

New Delhi, Mar 25 (IBNS); Amid growing crisis, Naresh Goyal, founder and chairman of cash-strapped Jet Airways, and his wife Anita Goyal resigned from the board of directors of the airlines, media reports said on Monday.

Naresh Goyal and his wife Anita Goyal resigned from the board of directors of the cash-strapped airline on Monday, sources told NDTV. 

The fresh development took place at a time when a majority of the cash-strapped airline's fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors.

Goyal and his wife had founded the airlines around 25 years ago.

As per media reports, the current CEO Vinay Dube is expected to stay when the airlines is facing troubles.

The Economic Times reported that former SBI managing director & an ex Jet Airways board member Srinivasan Vishvanathan maybe invited to join the airline’s top leadership. Vishvanathan was on the Jet Board as an Independent Director till August 2018 for nearly three years.

In Feb, Naresh Goyal and Etihad CEO had shared revival plan for Jet Airways

Jet Airways chairman Naresh Goyal and Etihad Airways CEO Tony Douglas, in a joint statement in February, had said the airline and its partners were making every effort to see the airline through its current financial crisis and so that it could "reclaim its rightful place as airline of first choice for its customers".

"In the last year the aviation industry has experienced extraordinary headwinds and challenges. Rising oil prices, a depreciating rupee and market saturation, among other things, have combined to critically impact the civil aviation sector as a whole," the statement said. "Some airlines have been hit harder than others; Jet Airways... being one of them."

Despite the problems, the airline did its best to serve passengers, the statement claimed.

"Jet Airways, its principal shareholders including Etihad Airways, and key financial stakeholders are working towards the finalisation and subsequent implementation of the Bank-led Provisional Resolution Plan (BLPRP), to ensure that the carrier emerges as a financially strong and resilient airline," it said.

"We are confident that once the BLPRP is finalized and implemented, Jet Airways will reemerge as a viable and robust airline to reclaim its rightful place as airline of first choice for its customers," it had added.