• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

Jet Airways leader gives in to pressure to quit

March 25, 2019 by Forimmediaterelease

In a major, although not unexpected development, Jet Airways founder and chairman, Naresh Goyal, and his wife, Anita, have resigned from the board.

The pioneer aviation leader, who founded the full-service airline 25 years ago, has been under pressure to quit. Etihad has a 24 percent stake in the airline, and its one director is also quitting, this writer learned.

The airline has to ground scores of its planes for non-payment of lease money. Goyal has written a letter to 22,000 Jet staff members saying that this is a new chapter, and not the end of the road.

The future course of Jet Airways will be decided by the lenders, led by State Bank of India, and an amount of Rs 1500 crores may be invested now to solve issues for the moment. The government is also expected to play an important role, as it is keen to see that the line is revived and not grounded at a time when aviation in India is growing.

Ajay Singh, SpiceJet chief, has called for policy changes to see that the aviation sector in the country grows.

It is important to keep the large network of routes of Jet Airways in order, so that in the future, the flight routes can be served again.

The next few weeks and months will be watched with keen interest in India and abroad, as things shape up, depending on several factors.

The country is also going to soon hold elections, and the outcome may also have an impact on the aviation scene.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, aviation, Aviation News, aviation sector, aviation-website, bank, board, Breaking Travel News, Chairman, changes, Chapter, chief, country, course, decided, development, director, elections, end, Etihad, expected, factors, flight, founder, full, full-service, future, government, ground, grounded, impact, important, in, India, India Travel News, interest, invested, issues, IT, jet, Jet Airways, keep, leader, lease, LED, lenders, letter, line, May, members, money, months, Naresh Goyal, network, New, News articles, Non, order, payment, People in Travel, percent, pioneer, planes, play, policy, pressure, quit, road, role, routes, Rs, saying, scene, sector, see, service, Singh, SpiceJet, staff, stake, State, things, time, to, Transportation News, Travelwire News, up, weeks, WHO, writer, years

Search




Recent Articles

  • Seychelles opens up to the world
  • Marriott International to Provide Associates Financial Award for COVID-19 Vaccination
  • New Austin Marriott Downtown Brings Inspiring Hospitality Experience to the Heart of the Texas Capital
  • Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 4 March 2021, 11.30 Hrs.
  • Uniglobe marks 40-year anniversary with optimism and future focus
  • Hyatt Announces Global Expansion of Independent Collection Brands with New Hotel Openings and Developments Slated Through 2025
  • Thailand successfully hosts first Golf Quarantine
  • Marriott International Signs Agreement with Core Hospitality to Bring Residence Inn By Marriott to The Nordics
  • Hyatt House Atlanta / Perimeter Center Celebrates Opening
  • Phuket and Phang Nga viewpoints are among the world’s best for good reason

Copyright © 2021 · Metro Pro on Genesis Framework · WordPress · Log in