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Naresh Goyal

ED grills Former Jet Airways chairman Naresh Goyal for FEMA violations

ED grills Former Jet Airways chairman Naresh Goyal for FEMA violations

Fri, Sep 06, 2019

ED grills Former Jet Airways chairman Naresh Goyal for FEMA violations. Watch video to know more.

Jet Airways crisis: Give Rs 18,000 cr, says court to Naresh Goyal

Jet Airways crisis: Give Rs 18,000 cr, says court to Naresh Goyal

Tue, Jul 09, 2019

The Delhi High Court on Tuesday asked Jet Airways promoter Naresh Goyal to submit Rs 18,000 crore in bank guarantees in order to be allowed to travel abroad.

It's now Jet versus Jet as endgame nears - Did Naresh Goyal know about the sinking ship?

It's now Jet versus Jet as endgame nears - Did Naresh Goyal know about the sinking ship?

Sat, Jun 08, 2019

Even as the lenders and the employees hope against hope and expect a white knight to rescue the grounded Jet Airways, the airline`s promoter Naresh Goyal, now deboarded from the pilot seat, knew weeks back that it was time to abandon the sinking ship.

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What Jet Airways Chairman Naresh Goyal wrote to staff over non-payment of salaries

What Jet Airways Chairman Naresh Goyal wrote to staff over non-payment of salaries

Tue, Mar 19, 2019

With the clouds of uncertainty darkening over the survival of his 25-year-old airline, Jet Airways chairman Naresh Goyal Monday sought to reassure the 16,000-strong staff of the efforts to restore the "much needed stability" in its operations at the earliest.

Naresh Goyal, Etihad close to Jet resolution plan

Naresh Goyal, Etihad close to Jet resolution plan

Mon, Mar 18, 2019

Jet Airways and Etihad have agreed upon an interim financing plan, according to which Etihad will put in Rs 750 cr, and a matching amount will be provided by the Jet lenders

Jet Airways' outgoing Chairman Naresh Goyal seeks immediate funding from Etihad

Jet Airways' outgoing Chairman Naresh Goyal seeks immediate funding from Etihad

Tue, Mar 12, 2019

Cash-strapped Jet Airways` outgoing Chairman Naresh Goyal has sought an immediate funding of Rs 750 crore from the equity partner Etihad Airways.

Naresh Goyal seeks Rs 750-cr lifeline from Etihad, warns delay may ground Jet Airways

Naresh Goyal seeks Rs 750-cr lifeline from Etihad, warns delay may ground Jet Airways

Mon, Mar 11, 2019

On February 14, the airline's board had approved a debt recast plan whereby the lenders would become the largest shareholders in the airline by converting the debt into equity at a nominal price of Re 1.

Jet Airways founder Naresh Goyal urges employees to bear with him in difficult situation

Jet Airways founder Naresh Goyal urges employees to bear with him in difficult situation

Fri, Mar 01, 2019

His letter came a day after reports emerged that he has agreed to step down from the chairmanship of the loss-making carrier, in which lenders have now become the largest shareholders.

Tough times for Jet Airways: No help from Naresh Goyal, Etihad Airways; lenders only hope left even as stock rises

Tough times for Jet Airways: No help from Naresh Goyal, Etihad Airways; lenders only hope left even as stock rises

Fri, Mar 01, 2019

Shockingly, investors faith has been restored due to buzz, that the airline’s man-in-charge Naresh Goyal has agreed to step down from the board.

Jet Airways founder Naresh Goyal agrees to step down as chairman: Source

Jet Airways founder Naresh Goyal agrees to step down as chairman: Source

Thu, Feb 28, 2019

The move comes a day after an urgent meeting of lenders with Goyal and Etihad Airways Chief Executive Officer Tony Douglas to resolve various issues between the two promoters as well as lenders and Etihad.

Kingfisher Airlines escaped, Jet Airways trapped! The cost of defaulting is Re 1

Kingfisher Airlines escaped, Jet Airways trapped! The cost of defaulting is Re 1

Thu, Feb 21, 2019

Fate of Jet Airways is similar like Kingfisher ones, when it comes to repaying debt. But interestingly, Kingfisher still escaped the new method of repaying debt.

Who will be Jet Airways new owner? Naresh Goyal's airline slipping away from his grasp

Who will be Jet Airways new owner? Naresh Goyal's airline slipping away from his grasp

Fri, Feb 15, 2019

Jet Airways Board considered and approved a bank led Provisional Resolution Plan (BLPRP). The BLPRP proposes restructuring in order to meet a funding gap of nearly Rs 8500 crore, which is to be met by an appropriate mix of equity infusion, debt restructuring, sale/sale and lease back/refinancing of aircraft, among other things.

Jet Airways debt issue: Naresh Goyal in talks with SBI on resolution plan; shares do U-turn, rise over 5%

Jet Airways debt issue: Naresh Goyal in talks with SBI on resolution plan; shares do U-turn, rise over 5%

Thu, Jan 17, 2019

Jet Airways also clarified in regards to stock jump, saying, "unable to comment on the reasons for the increase in its stock price on stock exchanges."

Jet Airways battle to stay in the air! Shares drop 10%, airline breaks silence on speculations

Jet Airways battle to stay in the air! Shares drop 10%, airline breaks silence on speculations

Wed, Jan 16, 2019

Jet Airways have known the corners of India through air since 1993, but who would have expected the airline to suffer through such a cash crunch despite fleet orders stored in line.

Jet Airways chief Naresh Goyal gets big relief?

Jet Airways chief Naresh Goyal gets big relief?

Tue, Jan 15, 2019

Shares in India`s Jet Airways jumped over 18 percent on Monday after CNBC TV18 reported earlier on Monday that founder and chairman Naresh Goyal was likely to step down from the board and give up majority control. The report also said that Etihad may infuse more capital into Jet.

Jet Airways Chairman Naresh Goyal writes letter to employees, asks to ignore media reports

Jet Airways Chairman Naresh Goyal writes letter to employees, asks to ignore media reports

Fri, Dec 28, 2018

This segment of Zee Business brings to you latest updates. Jet Airways Chairman Naresh Goyal has written a letter to employees and asked to have trust in management and to ignore media reports. Watch this video to know more.

Jet Airways board holds unscheduled meeting to discuss Fundraising

Jet Airways board holds unscheduled meeting to discuss Fundraising

Fri, Dec 21, 2018

In the red for three consecutive quarters, Jet Airways has been gasping for funds to keep the airline afloat amid liquidity crunch.

Jet Airways: Naresh Goyal's "turnaround" man Nikos Kardassis leaves the airline

Jet Airways: Naresh Goyal's "turnaround" man Nikos Kardassis leaves the airline

Sun, Dec 16, 2018

Nikos Kardassis, the former CEO of Jet Airways, who made a come back to the carrier in an advisory role and was tasked to turnaround the cash-strapped airline, has once again parted ways with it, a source said.

This is what Jet Airways' survival may depend on

This is what Jet Airways' survival may depend on

Sat, Dec 15, 2018

Jet, which has a mainly Boeing Co fleet, has delayed pre-delivery payments to the Seattle-based aircraft maker as well as to Airbus SE, and is overdue on its repair and maintenance contracts, two sources aware of the matter said.

Naresh Goyal to sell Jet Airways controlling stake: Report

Naresh Goyal to sell Jet Airways controlling stake: Report

Wed, Nov 28, 2018

Shares of India`s Jet Airways Ltd rose sharply on Wednesday following a report that founder Naresh Goyal has agreed to sell his controlling stake and give up operational control of the struggling carrier.

Etihad a friend in need for Jet Airways? 'Unhappy' with Tata offer, Naresh Goyal turns to old partner

Etihad a friend in need for Jet Airways? 'Unhappy' with Tata offer, Naresh Goyal turns to old partner

Mon, Nov 26, 2018

Jet Airways has been going through financial turbulence for quite a sometime now and has even delayed salaries of its staff many times.

Jet Airways pilots salary dues: Threat held out to stop additional duties

Jet Airways pilots salary dues: Threat held out to stop additional duties

Mon, Nov 19, 2018

The Jet Airways' pilots have threatened not to perform additional duties from next month if their salary dues were not cleared by November 30, an airline source said Monday.

Exclusive! Tata, Jet Airways merger: Deal announcement may be tomorrow

Exclusive! Tata, Jet Airways merger: Deal announcement may be tomorrow

Thu, Nov 15, 2018

Cash-strapped Jet Airways merger with Tata group has been hogging the headlines for weeks now and this is the latest that has emerged. A business viability plan on the proposed acquisition is expected to be presented to the board on Friday itself by Tata Sons Ltd Chairman N. Chandrasekaran, said a newspaper report citing people close to the development.

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