After several weeks of speculations and uncertainties about the future course of Jet Airways, a blueprint for revival emerged on Monday, according to which the airline’s founder-chairman Naresh Goyal and his wife Anita Goyal will step down from the board. The cash-strapped airline will also receive an immediate funding of Rs 1,500 crore under a bank-led resolution plan.
Apart from the Goyals, one nominee of Etihad Airways PJSC, Kevin Knight, will also step down from the board. In effect, two nominees of the promoter will continue on the board and one nominee of Etihad. Two nominee directors representing lenders will be inducted into the board, Jet Airways told in a filing to the stock exchanges after its board meeting.
