Naresh Goyal-controlled Jet Airways has agreed with most of the conditions set by its partner Etihad for offering a lifeline to the debt-laden domestic carrier. According to sources, the airlines are set to sign a memorandum of understanding (MoU) within days. According to the proposed deal, Founder Chairman Goyal will step down from the board of directors and relinquish his decision-making powers.
His stake in the company would come down to around 22 per cent from 51 per cent now. Goyal’s son Nivaan Goyal will get a board seat. The final agreement is expected to push ...
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