Finally, Naresh Goyal has quit as chairman of beleaguered Jet Airways, ending months-long suspense over the future of India’s largest full-service carrier.
Along with him, his wife Anita Goyal also stepped down from the board of the cash-strapped airline on Monday.
In another significant development, the stake of the Goyals in Jet Airways will be slashed to 25.5 percent from 51 percent currently. According to the report, a formal announcement would be made by the company soon.
Ahead of the crucial jet Airways board meeting on Monday, speculation was rife that Goyal would step down, meeting one of the key demands of prospective white knights who would offer a lifeline to the sinking airline.