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Jet Airways' survival may rest on founder Naresh Goyal leaving the cockpit

Updated : December 14, 2018 02:17 PM IST

Now, his penchant for control has emerged as a major obstacle as the indebted airline tries to negotiate a rescue deal, several people who have worked closely with him or known him over the years told Reuters on condition of anonymity.
The rising dominance of low-cost carrier IndiGo in a price sensitive market, as well as high oil prices, hefty fuel taxes and a weak rupee, have left Jet strapped for cash and unable to pay employees and lessors on time.
Jet Airways' survival may rest on founder Naresh Goyal leaving the cockpit

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