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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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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.

Jet Airways stake sale, funding: Naresh Goyal led airline says in talks with many parties

Jet Airways stake sale, funding: Naresh Goyal led airline says in talks with many parties

Wed, Nov 14, 2018

Cash-strapped Naresh Goyal led Jet Airways Tuesday said it is at various stages of discussions with multiple "interested parties" for capital infusion and partial stake sale in its loyalty programme Jet Privilege.

Forget pay delays, Jet Airways sacks 20 employees for this

Forget pay delays, Jet Airways sacks 20 employees for this

Fri, Oct 26, 2018

Jet Airways had recently asked 15 senior level employees from various departments including engineering, security and sales, to leave the company.

Relief for Jet Airways on horizon? May sublease 7 of its ATR planes

Relief for Jet Airways on horizon? May sublease 7 of its ATR planes

Fri, Aug 17, 2018

Jet Airways, partially-owned by Gulf carrier Etihad, has been passing through a bad phase since the beginning of this year, having reported a massive loss of over Rs 1,000 crore in March quarter. Notably, the Mumbai-based carrier had attempted to phase out these regional jets in the past as well.

Jet Airways flying through unprecedented turbulence; looks to stay in air, eyes painful measures

Jet Airways flying through unprecedented turbulence; looks to stay in air, eyes painful measures

Fri, Aug 17, 2018

An excited, Naresh Goel, chairman of Jet Airways, believes that the new deal would now give passengers more options as they can travel directly to Europe or via Gulf. He is quick to add that the relationship with Etihad would remain intact.

Jet Airways crisis: No differences with auditors, says the airline

Jet Airways crisis: No differences with auditors, says the airline

Tue, Aug 14, 2018

MUMBAI: The Naresh Goyal-promoted Jet Airways, which is facing headwinds amid cash-crunch and under regulatory probes, denied reports of differences with it auditors BSR & Co, a KPMG affiliate and DTS & Associates, saying that they continue to be the statutory auditors.

Jet Airways aborts salary cut plan of non-management employees

Jet Airways aborts salary cut plan of non-management employees

Mon, Aug 06, 2018

Domestic airline Jet Airways has finally aborted its plan for a 25 percent pay cut of non-management staff after employees protested against the move.

Jet Airways posts Rs 1,036 cr fourth-quarter loss due to higher fuel costs, weaker rupee

Jet Airways posts Rs 1,036 cr fourth-quarter loss due to higher fuel costs, weaker rupee

Wed, May 23, 2018

Naresh Goyal-promoted Jet Airways today reported a standalone net loss of Rs 1,036 crore in the March quarter due to rise in oil prices and weaker rupee. The company had reported a net profit of Rs 602.42 crore in the year-ago period, according to the BSE filing.

Jet Airways second-quarter profit falls 91% to Rs 49.36 crore

Jet Airways second-quarter profit falls 91% to Rs 49.36 crore

Thu, Dec 07, 2017

The Naresh Goyal-owned private carrier had posted a net profit of Rs 549.02 crore in the same period last fiscal.

Vinay Dube joins Jet Airways as CEO

Vinay Dube joins Jet Airways as CEO

Thu, Aug 10, 2017

An Indian American, Dube's appointment was approved by the airline's board of directors on May 30. Jet Airways has been without a full-time CEO since Cramer Ball quit in February 2016.

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