Motilal Oswal
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Motilal Oswal
Jan 09, 2019 10:30 AM IST | Aviation

SBI-led consortium seeking Naresh Goyal's exit as part of turnaround plan for Jet Airways

A consortium of lenders led by State Bank of India (SBI) want Jet Airways founder chairman Naresh Goyal to give up majority control and step down from the board of the troubled airline.
In a meeting on Tuesday, lenders to Jet Airways, including SBI, met representatives of Jet and Eithad Airways to discuss a financial restructuring plan for the airline, which if implemented, would result in Goyal losing majority stake in the airline.
Published Date: Jan 9th, 2019 10:20 AM | Updated Date: Jan 09, 2019 10:30 AM IST
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