Now that Naresh Goyal is set to exit the board of Jet Airways, prospects of the beleaguered airline attracting new investment and averting a collapse are starting to look up. But this outcome by itself would only offer temporary relief, and, contrary to expectations, could end up working against the interest of its lenders that are expected to take charge. On Monday, Jet announced that Goyal, who founded the airline more than two decades ago, will resign as chairman and quit its board. His wife and a nominee of Etihad (which owns a 24% stakein Jet), will also step down as directors. In an arrangement that would see Jet’s debt converted to equity, Goyal’s stake might get diluted to about a quarter, although it isn’t clear exactly how much of its ownership pie will end up with the banks. What is certain, though, is that the carrier is in their hands now, with an interim panel being set up to manage its operations. These banks say they will inject ₹1,500 crore into Jet to help it stay airborne.