Jet Airways founder and chairman Naresh Goyal has stepped down from his leadership position, clearing the way for the Indian carrier’s major creditors to execute the next stage of a bailout. After a March 25 board meeting, Jet Airways informed stock markets that Goyal and his wife Anita have resigned from the board, and Goyal has relinquished his chairmanship. Goyal’s departure has long been seen as a necessary precursor of a new funding deal, although until now his intentions ...

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