BREAKING NEWS
Siddaramaiah says confident of winning all three bypolls in Karnataka
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
100 engineering colleges in Karnataka to be ‘adopted’ by corporates by next year: IT Minister Kharge
Siddaramaiah defends BPL ration card cancellation, says only ineligible beneficiaries affected
China announces new policy measures to protect its exports from Trump’s new tariff threat
Effort is ours, results are God’s will: DCM DK Shivakumar on K’taka by-elections
There’s potential for disruption in India camp with Rohit coming back in Adelaide: Ponting
Two fishing boats in Kerala fined Rs 2.5 lakh each for unauthorized film shooting at sea
Gautam Adani charged in US with USD 250 mn bribery, fraud
Haveri: BJP leader Manohar Tahsildar passes away
Mangaluru: Lokayukta raids Mines and Geology Department official’s residence and office
Mahakumbh 2025: IRCTC to set up tent city at Prayagraj
K’taka govt committed to offering all possible support to investors, says CM Siddaramaiah
BTS2024: If India can make rocket sensors, it can also make car sensors, says ISRO chief Somanath
Should Naxalism remain or go?: Karnataka CM justifies killing of Maoist leader in encounter
Amid reports of Jet Airways temporary shut down, Goyal out from bidding
PTI, Apr 16, 2019, 1:43 PM IST
Mumbai: Jet Airways founder Naresh Goyal has decided not to bid for acquiring stake in the cash-strapped airline, sources said Tuesday. The full service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan.
Airline sources said Goyal, who had stepped down as chairman of the carrier last month, has withdrawn the bid for the airline. On April 12, sources said that Goyal had also put in bid for the carrier.
SBI Capital Markets has the mandate for Jet Airways’ sale on behalf of the SBI-led consortium of the domestic lenders to the debt-ridden private carrier. Last month, Goyal and his wife Anita Goyal stepped down from the board of the airline, which has more than Rs 8,000 crore debt.
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