Naresh Goyal has pledged 26% stake in Jet as security for loans from PNB

Jet Airways founder Naresh Goyal has pledged 26 per cent stake in the ailing airline as security for loans from Punjab National Bank, according to a regulatory filing.

Last month, Goyal and his wife Anita Goyal quit the board of cash-strapped carrier as part of a debt resolution plan.

Jet Airways Thursday informed the stock exchanges that Goyal has pledged over 29.5 million shares or 26.01 per cent stake with Punjab National Bank.

The pledge was created on April 4 as “security for existing/ new borrowings taken by Jet Airways (India) Ltd,” the filing to the BSE said.