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Aviation

Jet Airways shares surge as much as 23% in two days as founder Naresh Goyal steps down

Updated : March 26, 2019 01:39 PM IST

Goyal, who set-up India's first luxury airline Jet Airways, exited the board of the debt-laden company he founded nearly two and a half decades ago.
Stakeholders and lenders of the airline had asked for his resignation after Jet Airways went into a debt slump. Goyal seemed reluctant to step down in the past and had tried every trick to stay in the board.
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