GUWAHATI: Jet Airways founder and Chairman Naresh Goyal stepped down as the chairman of jet airways following the failure to meet the debt of 1 billion dollars (USD). Goyal along with his wife Anita on 25 March stepped down from the company.
Goyal is likely to be replaced on the board by his son, Nivaan. The board will now move ahead with a debt recast plan for rescuing the carrier from the current situation.
Soon after Goyal stepped down from the airline's board, Jet's stocks surged over 15 per cent which is the biggest gain for the airline since January 14.
Goyal holds a 51 percent stake in the airline. His exit will be formally announced soon.
