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Aviation

Jet Airways founder Naresh Goyal agrees to step down as chairman

Updated : March 01, 2019 07:02 AM IST

Eithad, which owns a 24 percent stake in Jet Airways, is however reticent to provide interim funding of $99 million to Jet Airways, the source said.
Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
Jet Airways founder Naresh Goyal agrees to step down as chairman
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