Jet Airways Private Limited Source Bing.com
Jet Airways Private Limited is an Indian international airline based in Mumbai, Maharashtra. It was founded by Naresh Goyal in 1992 and was initially started as an air taxi operator. Later in 1995, it started its first scheduled operation from Mumbai to Ahmedabad.
The Expansion of Jet Airways
Jet Airways Expansion Source Bing.com
Jet Airways has expanded its operation over the years and currently operates flights to around 66 destinations worldwide. It has a fleet size of around 119 aircraft as of 2019. Jet Airways has been known for its excellent service and has won several awards for the same.
Jet Airways’ Financial Troubles
Jet Airways Financial Troubles Source Bing.com
Jet Airways has been facing financial troubles since 2018, and as a result, it had to halt its operations in April 2019. The airline owes a lot of money to its creditors, and the lenders are currently looking for a buyer for the airline.
Naresh Goyal’s Exit from Jet Airways
Naresh Goyal’S Exit Source Bing.com
Naresh Goyal, who was the founder and chairman of Jet Airways, had to step down from his position due to the financial troubles faced by the airline. He had to sell a majority stake in the airline to Etihad Airways to rescue it from bankruptcy.
Jet Airways’ Comeback
Jet Airways Comeback Source Bing.com
Jet Airways is planning to make a comeback soon, and it has already received several expressions of interest from potential buyers. The airline’s employees have also been working hard to revive the airline, and they have been conducting several protests to demand their salaries.
Conclusion
Jet Airways has been one of the most well-known airlines in India, and it has played a significant role in the country’s aviation industry. The airline’s financial troubles have been a cause of concern for everyone, and we hope that it makes a successful comeback soon.
