Wed, 24 Jul 2019

Mumbai (Maharashtra) [India], Mar 25 (ANI): Jet Airways Chairman Naresh Goyal stepped down on Monday, paving way for lenders to bail out the financially troubled airline he set up 25 years ago.

The board meeting held in Mumbai also decided on ways to procure interim funding, an official statement said.

The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes and suppliers besides clearing pending salaries to its pilots. (ANI)

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