Mar 27, 2019

Founder of India's beleaguered Jet Airways quits

Founder of India's beleaguered Jet Airways quitsIndia's troubled Jet Airways said Monday that founder Naresh Goyal has stepped down as chairman and left the company board as part of a rescue plan. The Mumbai-based carrier, which until recently was India's second biggest airline, has been forced to ground three-quarters of its 119-aircraft fleet. India's air passenger numbers have rocketed six-fold over the past decade with its middle class taking advantage of better connectivity and cheaper flights.




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