Naresh Goyal’s decision to step down from the board of Jet Airways could not have been an easy one for him.
Rumours had been rife for a while that Goyal would step down soon. However, there were an equal number which maintained that he would not do it in a hurry and would try all that he could before he took this final decision.
It seems now Goyal did try everything to stay at the helm of Jet, but his efforts did not succeed.
Goyal was always seen as a behind-the-scenes negotiator who first managed to get the Centre to change its policy to allow foreign airlines to pick a stake in Indian carriers (something which benefited Jet Airways, as Gulf Air and Kuwait Airways initially had a stake in the firm).
