Jet Airways founder Naresh Goyal resigned his position

Posted on:26 Mar 2019 12:50:47
Jet Airways founder Naresh Goyal resigned his position
26 March 2019 Current Affairs:

Jet Airways Founders Naresh Goyal and wife Anita Goyal have stepped down from the board of the cash-strapped airline. With this, Naresh Goyal ceases to be Chairman. Director Kevin Knight has also resigned. The board has accepted their resignations.
The board also approved the issue of 11.4 crore equity shares to the lenders upon conversion of Re 1 of the outstanding debt. Lenders will infuse up to Rs 1,500 crore via debt instruments.

Jet Airways Founders Naresh Goyal and wife Anita Goyal have stepped down from the board of the cash-strapped airline. With this, Naresh Goyal ceases to be Chairman. Director Kevin Knight has also resigned. The board has accepted their resignations.
The board also approved the issue of 11.4 crore equity shares to the lenders upon conversion of Re 1 of the outstanding debt. Lenders will infuse up to Rs 1,500 crore via debt instruments.


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