What Is Next For Jet Airways Now The CEO Has Resig

(www.cargofee.com) News Broadcast：

Jet Airways may have reached a turning point in its current financial crisis. As of yesterday, Chairman and founder Naresh Goyal has resigned, along with his wife Anita. Etihad employed board member, Kevin Knight, has also stepped down from his position with the airline. Simple Flying ask if this is good news for Jet, and what’s going to happen next?

It’s been a turbulent few years for India’s second largest airline. Wracked with debts of more than a billion dollars, they’ve been limping along for months, unable to turn things around on their own.

At present, the airline is operating with just 41 aircraft out of its fleet of 119, after failing to make payments on leased planes. They have also been threatened with the loss of hundreds of pilots who are fed up with not being paid their salaries since December.

Today, a new development in the saga of this struggling airline, as its founder and Chairman, Naresh Goyal, has stepped down from his position.

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