In a new letter,
J et Airways promoter and former chairman Naresh Goyal told his 16,000 employees that he has agreed to sacrifice every control and interest in the airline.
"In order to absolutely ensure that they emerge unscathed from the recent disruptions and continue to hold their heads up high with pride for having helped build, what I truly believe is one of the world's premier airlines, I have agreed to sacrifice every control and interest in the airline with the sole aim to ensure the Jet family's lasting welfare," he said.
As part of the resolution plan, in March, Goyal quit as chairman of the embattled airline two decades after he started it.
"I have given all facilitation for implementation of the 'Resolution Plan' and signed on the dotted line as required to ensure the release of the much-needed funds committed by the lenders, in order to secure a sustainable future for
Jet Airways," Goyal said in a statement.
"I salute them and their dear supportive families for their dedication beyond the call of duty and embrace them in the unbreakable emotional bond we have forged in our journey together these past 25 years," Goyal, who began his aviation journey as a travel agent, said in the letter.
The loss-making airline, which is now under the ownership of SBI-led consortium of lenders following a debt-recast plan, yesterday disclosed that it has grounded 15 more aircraft due to non-payment of lease rentals.
“At this time of turbulence at Jet Airways, my strongest, most overriding wish and commitment is to secure the well-being of the Jet Airways family, as close to my heart as my own family, who have steadfastly stood by me through thick and thin with a loyalty that leaves me humble,” Goyal said.
"From the bottom of my heart, I wish every member of the vast Jet Airways family across our global network, a quick return to normalcy and unending success in the years ahead. I shall truly miss each and every member of this extraordinary family and wish every single one of them success, stability, peace of mind and happiness," he added.
"I have no doubt that given the hard-earned legacy of warm Indian hospitality and magnificent service excellence consistently deliver across the jet Airways network over the years, in short time, with all financial settlements in place, the airline will regain its rightful place in the company of the global greats," Goyal concluded.Post rejig, Goyal's stake will come down to 25 percent while that of Etihad would reduce to 12 percent.