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Rakesh Gangwal won't sell IndiGo stake in feud with Rahul Bhatia

Wednesday, July 17, 2019, 8:40 AM

Rakesh Gangwal, the co-founder of IndiGo, said he won't sell his shareholding in India's largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia. "I am here for the long haul," Gangwal, who has accused Bhatia of corporate governance lapses, said by phone. "I have no desire to sell my stake or raise my stake. "
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Naresh Goyal quits: First act of gripping drama ends, Jet's fate now up in the air

Tuesday, March 26, 2019, 7:36 AM

Naresh Goyal the founder chairman of Jet Airways, India's oldest private sector airline and his wife Anita Goyal have stepped down from the airline's board, the airline said Monday. Goyal has also resigned as chairman. Lenders to Jet have taken over the company's management and board. The lenders will shortly initiate an auction process to find a new strategic investor for the company.
 
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Zoom Air likely to restart operations in January

Saturday, December 29, 2018, 7:18 PM

Gurgaon-based Zoom Air, which has been grounded since July, is likely to restart-operations from next-month after aviation regulator renewed the carrier's flying permit which had been held back over safety-concerns. A senior DGCA official said airline had been asked to send a revised operating schedule. Zoom Air recorded around 77% passenger load factor on its 50-seater CRJ200 aircraft during 2018 before it was grounded.

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