Naresh Goyal quits Jet Airways Ltd.

Naresh Goyal, the founder of Jet Airways (India) Ltd, has resigned from the board of the troubled airline. Goyal, who has founded Jet Airways over two decades ago has resigned after a meeting with the airlines board of directors. The lenders will immediately pump about ?1,500 crore into Jet Airways by way of issue of appropriate debt instruments against security of assets. A bidding process will be initiated by lenders for issuing shares to a new investor in Jet Airways in June quarter.