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Naresh Goyal

HC dismisses Jet Airways founder Naresh Goyal's plea against 'illegal' arrest by ED

HC dismisses Jet Airways founder Naresh Goyal's plea against 'illegal' arrest by ED

Tue, Nov 07, 2023

In his plea, Goyal claimed his arrest was illegal as it was done without following provisions of the Prevention of Money Laundering Act (PMLA).

Jet Airways founder Naresh Goyal sent to judicial custody for 14 days

Jet Airways founder Naresh Goyal sent to judicial custody for 14 days

Thu, Sep 14, 2023

The court in Mumbai said on Thursday that Jet Airways founder Naresh Goyal would remain in judicial custody till September 28.

ED arrested Jet Airways owner Naresh Goyal in a money laundering case

ED arrested Jet Airways owner Naresh Goyal in a money laundering case

Sat, Sep 02, 2023

ED arrested Jet Airways owner Naresh Goyal in a money laundering case.

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Naresh Goyal, Etihad likely to bid for Jet Airways, NIIF interested: Sources

Naresh Goyal, Etihad likely to bid for Jet Airways, NIIF interested: Sources

Thu, Apr 11, 2019

According to industry insiders, the UAE-based Etihad Airways has also shown interest in the Jet stake sale and is in touch with SBI Caps, the firm mandated to carry out the sale on behalf of the banks` consotorium.

Naresh Goyal pledges 26 pc stake in Jet Airways for loans

Naresh Goyal pledges 26 pc stake in Jet Airways for loans

Thu, Apr 11, 2019

The pledge was created on April 4 as "security for existing/ new borrowings taken by Jet Airways (India) Ltd," the filing to the BSE said.

Naresh Goyal may submit bids for stake in Jet Airways

Naresh Goyal may submit bids for stake in Jet Airways

Thu, Apr 11, 2019

Former Jet Airways chairman Naresh Goyal is likely to submit initial bids for stake in the airline on Thursday, sources said.

Have agreed to every condition laid down by Jet Airways' lenders: Naresh Goyal

Have agreed to every condition laid down by Jet Airways' lenders: Naresh Goyal

Wed, Apr 03, 2019

Jet Airways promoter and former chairman Naresh Goyal Wednesday said he has agreed to every term and condition laid down by lenders to ensure timely release of funds for the airline.

Jet Airways Resolution Plan: Top details! Banks to buy Naresh Goyal, Etihad stake - Will this be airline's flight to recovery?

Jet Airways Resolution Plan: Top details! Banks to buy Naresh Goyal, Etihad stake - Will this be airline's flight to recovery?

Mon, Apr 01, 2019

Jet Airways Resolution Plan: A new proposal has been put forth to revive Jet Airways' ailing health. This is an alternative resolution plan for the crisis-hit airline. According to the latest Jet Airways Resolution Plan, banks will also buy Naresh Goyal's and Etihad's stake.

Lenders ask Jet Airways's Naresh Goyal to prune stake below 10%

Lenders ask Jet Airways's Naresh Goyal to prune stake below 10%

Fri, Mar 29, 2019

It could be the end of the road for Naresh Goyal, the chairman and founder of the struggling Jet Airways. Lenders, led by the State Bank of India (SBI), have asked Goyal to bring down his stake in the cash-strapped company to below 10% as well as exit the Board in a last-ditch effort to rescue the airline from being grounded. Watch this video to know more.

Jet Airways crisis: 'Rescue deal is no panacea for the struggling airline'

Jet Airways crisis: 'Rescue deal is no panacea for the struggling airline'

Fri, Mar 29, 2019

Jet shares have rallied 20 percent since news of the rescue on hopes that the airline would now be able to clear salaries, redeploy grounded planes and claw back market share.

Aviation Secretary's meeting with Jet's management

Aviation Secretary's meeting with Jet's management

Tue, Mar 26, 2019

Aviation Secretary met Jet's management for discussion on further future functions of Jet Airways. Watch this video to know more..

Naresh Goyal exit impact: Nearly 24% rise in Jet Airways share; is is the worst over?

Naresh Goyal exit impact: Nearly 24% rise in Jet Airways share; is is the worst over?

Tue, Mar 26, 2019

The resolution plan also comes with Naresh Goyal, his wife Anita Goyal and Etihad Airways’ one promoter exit from Jet Airways, which was surprisingly taken as good news at investors front.

Jet Airways shares rally further, zoom nearly 9 pct as Naresh Goyal steps down

Jet Airways shares rally further, zoom nearly 9 pct as Naresh Goyal steps down

Tue, Mar 26, 2019

Further, an immediate funding of up to Rs 1,500 crore would be provided to the cash-strapped airline by "way of issue of appropriate debt instrument", the filing added. Jet Airways, which has been operating for more than 25 years, is grappling with financial crunch and is also looking to raise fresh funds.

Jet Airways' backdoor nationalisation as state-run banks step in

Jet Airways' backdoor nationalisation as state-run banks step in

Tue, Mar 26, 2019

Jet Airways promoter Naresh Goyal and his wife on Monday announced their decision to step down from the board of the airline he had founded 25 years ago under pressure from lenders.

Analysts welcome 'very belated changes' at Jet Airways

Analysts welcome 'very belated changes' at Jet Airways

Mon, Mar 25, 2019

Industry analysts welcomed the management changes at Jet Airways and the new debt-recast plan under which banks have taken over the control of the crippled airline and forcing founder-chairman Naresh Goyal and his wife out of board.

Founder Naresh Goyal quits Jet Airways, sends emotional letter to employees, says 'not end of journey'

Founder Naresh Goyal quits Jet Airways, sends emotional letter to employees, says 'not end of journey'

Mon, Mar 25, 2019

Jet Airways founder and Chairman Naresh Goyal and his wife Anita, stepped down from the company's board on Monday. Goyal in an emotional letter to his employees said the decision is 'not the end of the journey but the start of a brand new chapter'.

Jet Airways chief Naresh Goyal exits, board clears conversion of lenders debt into equity

Jet Airways chief Naresh Goyal exits, board clears conversion of lenders debt into equity

Mon, Mar 25, 2019

As part of the Jet Airways Resolution Plan that has been tharshed out, the lenders will provide an immediate interim funding support of Rs 1,500 crore to Jet Airways.

Naresh Goyal's exit from Jet Airways could be the key to its survival

Naresh Goyal's exit from Jet Airways could be the key to its survival

Mon, Mar 25, 2019

Under the new plans, the future of 69-year-old Naresh Goyal as the head of the airline remains uncertain. Watch complete video to know more..

Expect buyer for Jet Airways by May 31, says SBI Chairman Rajnish Kumar

Expect buyer for Jet Airways by May 31, says SBI Chairman Rajnish Kumar

Mon, Mar 25, 2019

"June is too late. My expectation is 31st May... Market is open for everyone whosoever wants to come in. There will be expression of interest which will be given by April 9 and binding bid by April 30," SBI Chairman Rajnish Kumar told CNBC TV18.

Jet Airways deal - Highlights: From Naresh Goyal quitting to Rs 1,500 cr funding, all you want to know

Jet Airways deal - Highlights: From Naresh Goyal quitting to Rs 1,500 cr funding, all you want to know

Mon, Mar 25, 2019

Jet Airways had grounded over 80 planes due to the financial crisis generated by a mountain of debt that it was not being able to service.

Founder Naresh Goyal off board from Jet Airways, reduces stake in airline

Founder Naresh Goyal off board from Jet Airways, reduces stake in airline

Mon, Mar 25, 2019

The Jet Airways Board met on Monday to decide on ways to procure interim funding and on the future role with the financially troubled airline of its promoter and founder Naresh Goyal. Watch complete video to know more..

The road ahead for Jet Airways and Naresh Goyal - Will financial woes end now?

The road ahead for Jet Airways and Naresh Goyal - Will financial woes end now?

Mon, Mar 25, 2019

Jet Airways Founder and Promoter, Naresh Goyal has resigned from the board of ailing airline company, which he founded around 25 years back. Goyal has reduced his share in the company to 25.5 per cent from 51 per cent.

The Naresh Goyal Story: From flying 'solo' to stepping aside to save debt-hit Jet Airways

The Naresh Goyal Story: From flying 'solo' to stepping aside to save debt-hit Jet Airways

Mon, Mar 25, 2019

Naresh Goyal successfully managed to build Jet Airways into a world-class airline but not minus troubles. In April 2014 also, Jet Airways, 21 years old by then, was struggling.

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