Jet Airways founders Naresh Goyal and his wife Anita Goyal stepped down from the board on Monday. “The founders’ step-down was a key demand by the banks. Banks might take the management into their hands and the fund infusion decided by the banks, which is ₹1,500 crore, may be able to revive two-thirds of the Jet Airways fleet within a month. The concern right now is to stabilise key international and domestic routes hence, they should be reviving their fleet in a month’s time,” said as hi sh kn a in an, research analyst at Care Ratings, an industry research firm. Cash-strapped Jet Airways has grounded 78 aircraft and cancelled flights. This month, Spicejet grounded 12 aircraft after a Boeing 737 MAX aircraft, operated by Ethiopian Airlines, crashed near Addis Ababa killing 157 people.
