Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Aalami Sahara Rashtriya Sahara Roznama Sahara
Jet Airways' Chairman Naresh Goyal resigns
IANS
Mumbai
Last Updated : 25 Mar 2019 04:32:02 PM IST
Jet Airways
Jet Airways' Chairman Naresh Goyal resigns (File photo)

 

Jet Airways promoter and founder Naresh Goyal on Monday resigned from the company's board.

The resignation followed the airline board's meeting in Mumbai on the day to decide on ways to procure interim funding as well as the future role of Goyal.

Sources said Goyal tendered his resignation at the emergency board meeting. "The main agenda, however, is to get interim funding," said a source.

It was expected that after the meeting the State Bank of India, which is the lead lender of the consortium of bankers that lent to the airline, will infuse more funds.

According to industry estimates, Jet's total debt stood at Rs 8,000 crore. The company urgently needed funding to maintain whatever was left of its market shares, even as the airline pilots and crew were said to be approaching other airlines for employment.

The airline's pilots along with engineers and other highly critical segment of employees have not been paid salaries from January 1, sources said, adding only 12.5 per cent of December pay was given.



For Latest Updates Please-

Join us on

Follow us on

Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

The UDF in Kerala is all set to enter the Guinness world record for the longest banner whe

The Supreme Court on Thursday said it will hear on April 8 a plea seeking to block the rel

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186