{"id":266306,"date":"2019-03-26T05:28:45","date_gmt":"2019-03-26T05:28:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266306"},"modified":"2019-03-26T05:28:45","modified_gmt":"2019-03-26T05:28:45","slug":"naresh-goyal-quits-first-act-of-gripping-drama-ends-jets-fate-now-up-in-the-air-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/naresh-goyal-quits-first-act-of-gripping-drama-ends-jets-fate-now-up-in-the-air-2\/","title":{"rendered":"Naresh Goyal quits: First act of gripping drama ends, Jet&#8217;s fate now up in the air"},"content":{"rendered":"<p>Naresh Goyal the founder chairman of Jet AirwaysNSE 6.20 %, India\u2019s oldest private sector airline and his wife Anita Goyal have stepped down from the airline\u2019s board, the airline said Monday. Goyal has also resigned as chairman. <\/p>\n<p>Lenders to Jet have taken over the company\u2019s management and board. The lenders will shortly initiate an auction process to find a new strategic investor for the company. <\/p>\n<p>A person close to the development said lenders will now own slightly more than half of Jet, while Goyal\u2019s shareholding will reduce to half of his earlier holding of 50.1%. The airline\u2019s lenders led by the State Bank of India will further infuse Rs 1,500 crore into the company via debt instruments \u201cagainst security of its assets\u201d, Jet said in a statement to the Bombay Stock Exchange. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naresh Goyal the founder chairman of Jet AirwaysNSE 6.20 %, India\u2019s oldest private sector airline and his wife Anita Goyal have stepped down from the airline\u2019s board, the airline said Monday. Goyal has also resigned as chairman. Lenders to Jet have taken over the company\u2019s management and board. The lenders will shortly initiate an auction process to find a new strategic investor for the company. A person close to the development said lenders will now own slightly more than half of Jet, while Goyal\u2019s shareholding will reduce to half of his earlier holding of 50.1%. The airline\u2019s lenders led by [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-266306","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=266306"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266306\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}