Naresh Goyal first planned to bid for Jet Airways in January

Mumbai: Jet Airways (India) Ltd founder Naresh Goyal, who was forced out of the troubled airline’s board in March following defaults on payments to banks and aircraft lessors, was planning a bid for the carrier at least as early as January, regulatory documents show.

Jetair Pvt. Ltd, a Goyal-owned company that is a general sales agent (GSA) to Jet Airways, agreed to provide the airline ₹250 crore as loan collateral, and considered investing in the airline at an extraordinary general meeting (EGM) on 14 January.

The company had submitted a bid for Jet Airways on Friday.