Naresh Goyal

Jet's 26th Anniversary "Saddest" Day, Naresh Goyal Writes To Staff

Business | NDTV Profit Team | Tuesday May 7, 2019

Jet Airways founder Naresh Goyal said the carrier had received its first aircraft in Mumbai on April 18, 1993.

Election 2019: Naresh Goyal's First Public Appearance Since Jet Crisis, At A Poll Booth

India News | Reported by Saurabh Gupta, Edited by Shylaja Varma | Monday April 29, 2019

Naresh Goyal, founder of the recently grounded Jet Airways, came out to cast his vote in Mumbai on Monday in the fourth phase of the national election. This was Naresh Goyal's first public appearance since the airline stopped its operations indefinitely because of its colossal debt, leaving thousands of employees without a job overnight

Jet Gags Employees, Says "Every Newspaper Will Try And Carry Story Daily"

India News | Reported by Sakshi Bajaj, Edited by Shylaja Varma | Friday April 19, 2019

A day after debt-laden Jet Airways stopped its operations indefinitely, the airline asked its employees to not speak to the media about the crisis. The deep turbulence has put 20,000 jobs at stake and has left many of them seeking jobs at other airlines with pay cuts.

As Jet Airways Grounds All Flights, Passengers Wonder What Next For Them

India News | Edited by Aditya Sharma | Wednesday April 17, 2019

Soon after embattled carrier Jet Airways decided to temporarily suspend all operations starting Wednesday night, a wave of sympathy followed on social media. From patrons to concerned passengers who had booked tickets on the cash-strapped airline, several people took to Twitter with many asking, what next?

Jet Airways Crisis Explained In 10 Points

India News | Edited by Vaibhav Tiwari | Wednesday April 17, 2019

Jet Airways, the cash-starved Indian carrier, has suspended all operations from Wednesday night after the State Bank of India-led consortium of lenders turned down its request for emergency funds. The airline, founded by Naresh Goyal, was under Rs 8,000 crore debt and was struggling to stay afloat. Until recently, the airline was the second largest...

Jet Airways Suspends Operations, Hopes To Be Back Soon: 10 Points

India News | Reported by Sakshi Bajaj, Edited by Divyanshu Dutta Roy | Wednesday April 17, 2019

Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...

"My Sympathies To Naresh And Neeta Goyal": Vijay Mallya On Jet Crisis

India News | Edited by Swati Sharma | Wednesday April 17, 2019

Fugitive businessman Vijay Mallya lashed out at the centre for allegedly "discriminating" between state-owned and private airlines, and extended his "sympathies" to Jet Airways founder Naresh Goyal.

Opinion: What Jet Airways' Near-Collapse Says About India

Business | Mihir Sharma, Bloomberg | Wednesday April 17, 2019

State-owned banks are Jet's biggest creditors and they seem unwilling to throw more money at the airline without a clear revival plan.

Naresh Goyal Won't Bid For Stake In Jet As Board Meets On Next Steps

Business | NDTV Profit Team | Tuesday April 16, 2019

Jet Airways founder Naresh Goyal has decided not to bid for acquiring a stake in the cash-strapped airline. The decision by Mr Goyal, who along with his wife Anita stepped down from the airline's board last month, comes at a time the debt-ridden airline is struggling to stay afloat, and owes vast sums to lessors, suppliers, pilots and oil companies...

Over 500 Jet Airways Employees Seek PM Modi's Intervention To Help Them

India News | ANI | Sunday April 14, 2019

Over 500 employees of Jet Airways on Saturday sought the intervention of Prime Minister Narendra Modi in saving the airline, which has not been able to pay salaries to its pilots and engineers for the last three and a half months.

Naresh Goyal Puts In Bid For Stake In Jet Airways: Airline Sources

India News | Press Trust of India | Friday April 12, 2019

Jet Airways founder Naresh Goyal has put in bid for buying stake in the ailing airline, sources said.

Naresh Goyal Likely To Submit Bid For Stake In Jet Airways: Report

Business | Indo-Asian News Service | Thursday April 11, 2019

The fact that Mr Goyal could still enter the Jet Airways was clear on March 27 when State Bank of India (SBI) chairman Rajnish Kumar said the buyer could be anyone, a financial investor, an airline. There is no legal bar on anyone with a funding and revival plan in place. The option is open for anyone including Naresh Goyal and Etihad to bid for th...

Naresh Goyal Pledges 26% Shares In Jet Airways For Loans

Business | Indo-Asian News Service | Thursday April 11, 2019

Naresh Goyal quit last month as the chairman of Jet as part of a SBI-led banking consortium's debt resolution plan.

Debt-Laden Jet Airways Lenders Plan To Sell Up To 75% Stake

Business | Anurag Kotoky and Saloni Shukla, Bloomberg | Monday April 8, 2019

Consortiums submitting bids should have no more than three members, with each holding a share of no less than 15 percent, according to Monday's document.

Debt-Hit Jet Currently Flying 15 Aircraft On Domestic Routes, Says Government: 10 Points

Business | NDTV Profit Team | Wednesday April 3, 2019

Less than 15 aircraft of Jet Airways are currently operational, a government official said on Wednesday. Civil Aviation Secretary Pradeep Singh Kharola said Jet Airways' current fleet is 28 planes, including 15 aircraft in domestic operations. The statement from the government official comes a day after the airline said it had grounded an additiona...