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Reuters reveals how India's Jet Airways founder may have to cede control for bailout

Reuters reveals how India's Jet Airways founder may have to cede control for bailout

Reuters reported that founder Naresh Goyal’s control of India’s Jet Airways has become a major obstacle as the indebted airline tries to negotiate a rescue deal. The 25-year-old airline has outstanding debts of around $400 million and is in talks with Abu Dhabi’s Etihad Airways and Indian conglomerate Tata Sons for fresh funds or a stake sale. Sources have told Reuters that any deal would require Goyal to step down or take a less prominent role.


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