MUMBAI: Industry analysts welcomed the management changes at Jet Airways and the new debt-recast plan under which banks have taken over the control of the crippled airline and forcing founder-chairman Naresh Goyal and his wife out of board, saying the changes, though very belated, are “good and positive” for the airline.
Bringing an end to months of uncertainty over the future of the carrier, the Jet Airways board Monday approved an immediate fund infusion of up to Rs 1,500 crore by SBI-led lenders and conversion of debt into equity at Re 1 a share for a cumulative 51 per cent stake-holding.
