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Naresh Goyal finally resigns from Jet Airways` board after failing to secure a rescue plan Soon after Goyal`s exit, shares of Jet Airways jumped over 15 per cent Experts said the airline needs swift capital infusion to meet operational costs
New Delhi: Jet Airways founder Naresh Goyal and his wife Anita Goyal have stepped down from the board of Jet Airways after a board meeting was held on Monday. The airline`s CEO Vinay Dube will continue in his position and has been tasked with guiding the company out of the crisis situation.
After the board meeting, Jet Airways informed stock exchanges that promoters of the airline, Naresh Goyal and Anita Goyal, and one nominee of Etihad Airways PJSC have stepped down from the board. "Resignation by Naresh Goyal, Anita Goyal, and Kevin Knight, as directors of the company, and induction of two nominee directors of lenders. Naresh Goyal will also cease to be the chairman of the Company," the statement said.
The airline will also receive immediate funding of up to Rs 1,500 crore by lenders. "Immediate funding support of up to Rs 1,500 crore by lenders by way of issue of appropriate debt instrument against the security of its assets which will restore normalcy to Company`s level of operations," it said. Soon after Goyal stepped down from the airline`s board, Jet`s stocks jumped over 15 per cent at the time of writing this report. This is the biggest gain for the airline since January 14.
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