Mumbai: Jet Airways (India) Ltd’s founder Naresh Goyal, who along with his wife Anita Goyal, stepped down from the board Monday, said the decision is not the end of the journey but the start of a brand new chapter. Goyal has also resigned from the chairmanship of the 25-year-old airline.
In a letter to 22,000 employees, Goyal also said the approval of the Jet Airways bailout plan will put the carrier on a “sounder and sustainable” financial footing.
After weeks of speculations over the future of Jet Airways, which has grounded over 80 planes due to financial woes, its board Monday approved a resolution plan formulated by a consortium of lenders led by State Bank of India. The banks have now become the new owners of the airline with 51% equity holding.
