• SENSEX
    NIFTY 50
Aviation

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
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV