A group of Indian state-run banks want Jet Airways' embattled founder and C...
FILE PHOTO: Naresh Goyal, Chairman of Jet Airways speaks during a news conference in Mumbai, India, November 29, 2017. REUTERS/Danish Siddiqui/File Photo
“Banks want Goyal to bring his stake down to 10 percent, below the 17 percent envisaged in the bank-led provisional resolution plan ,” sources told CNBC-TV18.Jet has more than $1 billion in debt, and owes money to banks, suppliers, pilots and lessors - some of whom have started terminating leases with the carrier.
Several people who have worked closely with Goyal, 69, have told Reuters that his penchant for control has emerged as a major obstacle in negotiating a rescue deal.
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