Naresh Goyal

  • Jet to stop low-cost services, to merge them with parent carrier August 12, 2014

    Mumbai: Jet Airways, which reported Rs 217 crore net loss in the June quarter, on Monday said that it will be exiting low-cost services and will merge its two no-frills brands with parent full service carrier. "By the end of this year, there will be no JetLite and Jet Konnect brands...
  • Jet Airways, Etihad woo passengers with 20-50 pc discount on fares July 24, 2014

    Mumbai: Private carrier Jet Airways and its 24 per cent equity partner Etihad on Thursday announced a 20-50 per cent special limited period discount on fares across 135 international destinations of the two carriers. "Both economy and business class travellers of Jet Airways and Etihad Airways availing this special offer will...
  • How Etihad plans to change the way Jet Airways operates August 19, 2013

    Etihad Airways's Australian CEO James Hogan doesn't have to think too hard about what to say. This week, he said: "Etihad will discuss ways to further integrate the two networks and help the airline achieve efficiency, build revenue and reduce costs." He wasn't talking about Jet Airways, his most high-profile investment...
  • FIPB to discuss Rs 2,058 crore Jet-Etihad deal today July 29, 2013

    New Delhi: The Foreign Investment Promotion Board (FIPB) on Monday will discuss the contentious Rs 2,058 crore Jet-Etihad deal. The FIPB had earlier deferred approval to the deal on the basis of certain provisions in the previous shareholders' agreement and commercial cooperation agreement, which it said gave more powers to...
  • Jet likely to relocate its network, revenue management to Abu Dhabi: Sources July 9, 2013

    Sources said the co-operative board of the company will have control with 19 foreign nationals nominated by Etihad. ...
  • 'Jet's plan to relocate ops after Etihad deal inconsistent with norms' July 8, 2013

    New Delhi: The Jet-Etihad deal, which is under the scanner by various regulatory bodies, has hit turbulence once again. Fresh questions are being raised over Jet Airways' commercial pact with Etihad. Jet's plan to relocate operations and core functions to Abu Dhabi has raised eyebrows as the proposed plan is not...
  • Jet-Etihad deal: PMO seeks clarification from Ministry of Corporate Affairs July 1, 2013

    New Delhi: The Prime Minister's Office has sought clarifications from ministries concerned, including Ministry of Corporate Affairs, on the proposed Rs 2,058 crore Jet-Etihad deal. The Cabinet Secretary is likely to chair a meeting on security concerns over Jet-Etihad deal on Tuesday. The PMO has already asked Finance Ministry and Commerce...
  • Prime Minister's Office seeks clarification on Jet-Etihad deal June 30, 2013

    New Delhi: The Prime Minister's Office has sought clarifications from ministries concerned, including Commerce and Industry, on the proposed Rs 2,058 crore Jet-Etihad deal. The deal, largest foreign investment proposal in the aviation sector, is facing regulatory hurdles with various ministries raising major concerns over the ultimate control of Jet...
  • Jet-Etihad deal: Corporate Affairs, Aviation Ministry raise concerns June 16, 2013

    New Delhi: Jet Airways and Etihad may have to re-work the ownership structure proposed in the Rs 2,058 crore deal with key ministries including Civil Aviation and Corporate Affairs raising concerns over ultimate control of the domestic carrier. "Major concerns on ultimate control of Jet Airways post deal have been raised...
  • Kardassis quits Jet Airways, Hameed Ali named acting CEO June 7, 2013

    Mumbai: Jet Airways chief executive Nikos Kardassis has resigned after a five-year stint with the company, and chief operating officer Capt Hameed Ali is the interim chief executive, the airline said on Friday. The Naresh Goyal-led airline said in a filing to the BSE that Kardassis resigned with effect from...
  • Etihad deal to improve profits, cut costs: Goyal May 24, 2013

    Mumbai: Seeking shareholders' approval for sale of 24 per cent stake to Abu Dhabi-based Etihad, Jet Airways Chairman Naresh Goyal on Friday said this strategic alliance would improve the Indian carrier's profitability and lower the costs. "Etihad investment will help us to deleverage and grow in a sustainable manner," Goyal...
  • Jet gets extension to meet Sebi's public shareholding norm May 14, 2013

    Mumbai: Jet Airways on Tuesday said it has got regulatory extension to meet the mandatory 25 per cent public shareholding norm in the private airline. In a filing to BSE, Jet said Sebi, on May 13, relaxed the requirement of 12-week cool-off period after the proposed inter se transfer of...
  • Jet-Etihad deal will bring down airfares: Experts April 26, 2013

    Mumbai: The Rs 2,058 crore deal between Jet Airways and Etihad Airways will benefit passengers, as increased competition will bring down air fares, aviation sector experts said on Wednesday. According to Captain Gopinath, the founder of erstwhile Air Deccan, the increased competition will lead to low airfares, besides bringing about...
  • Etihad confirms taking 24 pc stake in Jet Airways for $ 379 mn April 24, 2013

    Dubai: Abu Dhabi's Etihad Airways confirmed it had taken a 24 per cent minority stake in Jet Airways for $379 million. The Gulf carrier said in an emailed statement it would subscribe to 27.3 million new shares at Rs 754.74 per share. Jet said in a brief statement to the stock...
  • Jet Airways plans to connect Tier-II cities with Abu Dhabi April 20, 2013

    New Delhi: Passengers from Tier-II cities would no longer have to change planes at a metro, if Jet Airways gets the government nod for its plans to mount code-share flights with Gulf carrier Etihad from 23 Indian cities by 2016. According to the plans submitted to the Civil Aviation Ministry, the...
  • Jet shares fall after Etihad says revising deal February 18, 2013

    New Delhi: Shares in Jet Airways fell as much as 6.8 per cent on February 18, a day after the chairman of Etihad Airways said the Abu Dhabi-based carrier needed to revise the terms of a pending deal to buy a stake in the Indian airline. Etihad Chairman Sheikh Hamed...
  • Jet Airways posts Rs 85 cr net profit in Q3 February 1, 2013

    Mumbai: Jet Airways on February 1 reported a net profit of Rs 85 crore for the quarter ended in December 2012. The Naresh Goyal-owned company had reported a net loss of Rs 101.22 crore in the October-December quarter ended on December 31, 2011, Jet Airways said in a filing to...
  • 'Politicians, cricketers on black money list' November 11, 2012

    New Delhi: A former Swiss bank employee has claimed that several politicians, cricketers and internationally well-known people have black money in the Swiss banks. Rudolf Elmer, who gave WikiLeaks the black money list told CNN-IBN that he did not sell any data to the Indian government. Speaking via Skype, Elmer...
  • Goyal has no account in HSBC Bank Geneva: Jet Airways November 9, 2012

    New Delhi: Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways on Friday said there is no account in the name of its Chairman Naresh Goyal in HSBC Bank, Geneva though he is entitled to have bank accounts outside India as he is an NRI. "...There is...
  • 'Taxes make airfares 200-300 pc higher than China' June 11, 2012

    Beijing: Air fares in India were about 300 per cent higher than those in China and some other countries because of high tax rates, Jet Airways chief Naresh Goyal said on Sunday, asserting that the aviation industry could not grow with such taxation. "The Indian (aviation) industry can't grow with the...
  • Here is why JetLite does not exist any more April 20, 2012

    It's an airline in transition. And no one feels it more than Jet Airways' cabin attendant Sushmita D. Depending on her roster, it is, "What meal would you like to have sir?" on some days. And "What meal would you like to buy Sir?" on others. These days, it can...
  • Naresh Goyal meets Jet pilots over salary dues March 9, 2012

    Mumbai: The financial trouble plaguing the aviation sector seems to have impacted the country's largest private airline Jet Airways as well, with the pilots meeting the top management on Thursday over delayed salaries. According to sources, chairman Naresh Goyal met senior pilots at his residence at Peddar Road in Mumbai on...
  • PM to meet airlines chiefs on aviation mess November 25, 2011

    New Delhi: Prime Minister Manmohan Singh has called a meeting of the chiefs of domestic airlines on Saturday with a focus on the financial health of the aviation sector. Kingfisher's Vijay Mallya, Jet Airways' Naresh Goyal and Rahul Bhatia of Indigo Airlines are expected to attend the meet. This comes in the...
  • Forbes India: Highs and lows of Jet Airways October 6, 2009

    On September 13, 2009, a few hours after the six-day-long agitation was called off by the pilots at Jet Airways, Naresh Goyal held out an olive branch. In an attempt to bury the hatchet and tell each other “let bygones be bygones,” Goyal, chairman of India’s largest airline, invited 200-odd...
  • The Week That Wasn't: Cyrus on Jet Airways crisis September 13, 2009

    This week on the show, Cyrus takes on the Jet Airways crisis and exclusively interviews Jet Airways Chairman Naresh Goyal. He then talks about M S Dhoni failing an exam and Harbhajan Singh hitting a cameraman. Further he looks at the current austerity controversy with Shashi Tharoor, S M Krishna...
  • Jet loses Rs 200 cr in pilot strike September 13, 2009

    Mumbai: Jet Airways lost over Rs 200 crore ($40 million) in the five-day stir by over 500 of its pilots that ended on Sunday, said a senior airline official. A grim Executive Director Saroj Dutta told reporters that on an average the airlines sgets nearly 24,000 passengers daily across its...
  • Jet resumes flights September 13, 2009

    Mumbai: There were smiles all around as Jet Airways' five-day long crisis ended with the management deciding to reinstate four sacked pilots and not initiate any action against those who agitated last week, a top official announced in Mumbai on Sunday. The airlines Executive Director Saroj Dutta told mediapersons that these...
  • Jet Airways deadlock ends, pilots call off strike September 13, 2009

    Mumbai: The five-day-old stir by Jet Airways pilots ended on Saturday night as the airline management and the agitators reached a settlement under which the four sacked pilots would be reinstated and a consultative group made up of the two sides formed to resolve all issues. The breakthrough in the impasse...
  • Talks start, Jet Airways pilots strike to end 'soon' September 11, 2009

    New Delhi: Jet Airways cancelled some 170 flights on Friday as the impasse with pilots continued for the fourth day, though the two sides began a marathon round of talks since noon with the hope of finding a solution "soon". At the initiative of Chief Labour Commissioner S K Mukhopadhyay, the...
  • Watch: Jet pilots not ready to dissolve their union September 10, 2009

    The Jet Airways has reportedly incurring a loss of Rs 19 cr per day. ...