Jet Airways founder Naresh Goyal, arrested in a money laundering case linked to an alleged Rs 538 crore fraud at Canara Bank, has been perm...

Naresh Goyal, the founder of Jet Airways, who is currently in jail for a money laundering case linked to an alleged bank loan fraud, has re...

Founder and former promoter of Jet Airways Naresh Goyal, has been sent to the Enforcement Directorate's custody until September 14 in a mon...

This is the first time the federal agency probing the airline under FEMA is questioning the embattled founder.

Probe agencies have quizzed a former auditor and financial adviser to the carrier’s founder.

On May 25, Goyal and his wife Anita Goyal were stopped from leaving the country by immigration authorities at Mumbai airport minutes before...

Jet’s fall is a story of the fall of its founder. Few failures are so inseparable from their promoters.

Jet is operating seven planes and paying fuel companies on a daily basis to operate flights.

It couldn't be immediately ascertained whether Goyal has partnered with any entity or airline for the bid.

The pledge was created on April 4 as "security for existing/ new borrowings taken by Jet Airways (India)".

The bidding norms allow Goyal to participate in the sale process. Goyal's response on the issue was awaited.

Goyal owns 51 per cent in the airline but has pledged 31.2 per cent with lenders.

Goyal is also the founder of the full-service airline, which has been operating for more than 25 years.

Goyal and his wife will step down from Jet Airways' board under a resolution plan piloted by its lenders.

The current CEO Vinay Dube is expected to stay on and steer Jet out of the current crisis.

Goyal is open to his stake getting diluted to as low as 15%, depending on the extent of the cash infusion.

Jet Airways, which is battling financial woes, told the exchange that there are no discussions or decisions by its board that would require...