ED conducts raids at premises of Jet Airways founder Naresh Goyal

Published on: Aug 23, 2019

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The Enforcement Directorate conducted searches on Friday at the premises of Jet Airways founder Naresh Goyal in connection with a case of alleged contravention of the foreign exchange law, officials said.

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In a series of tweets, Vijay Mallya held the Centre responsible for the collapse of Jet Airways and his now-defunct Kingfisher, questioning the efforts to bail out ailing Air India.

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Jet Airways' founder Naresh Goyal has agreed to step down as chairman of the airline's board, a source with direct knowledge of the matter told Reuters on Thursday, as the cash-strapped Indian carrier inches closer to securing a rescue deal.
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Naresh Goyal, the founder chairman of India's oldest private sector airline Jet Airways, and his wife Anita Goyal have stepped down from the its board. Goyal has also resigned as chairman. Lenders to the beleaguered carrier will now take over the management and board of Jet until it finds a new strategic investor, it said in a filing to the Bombay Stock Exchange. Tune in as ET's Anirban Chowdhury brings you all the details about the Jet Airways crisis. (Text: ET Bureau)

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Jet Airways founder Naresh Goyal has decided not to bid for acquiring stake in the cash-strapped airline, sources said Tuesday. The full service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan.

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ED conducts raids at premises of Jet Airways founder Naresh Goyal

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