India: Promoter Naresh Goyal refuses to cede control of Jet Airways

Photo: Mint

The saga of Jet Airways (India) Ltd continues, with its founder and promoter Naresh Goyal making a financial offer to State Bank of India (SBI) to retain control of the ailing airline, even as its single-largest public shareholder, Etihad Airways PJSC, has sought to oust him in exchange for infusing much-needed funds.

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