Save Jet without pandering to individual interests and ego

On Friday, banks, led by State Bank of India (SBI), showed serious interest in favour of a ‘professional team’ taking charge at Jet Airways. The lenders will reportedly infuse more capital only after a change in the beleaguered airline’s management.

This is, indeed, good news. The focus should be on saving the airline, a listed entity, and not in pandering to the promoter’s interests and ego.

SBI has asked Jet Airways chairman Naresh Goyal and three fellow directors to step down from the airline’s board. This is more than understandable. Goyal has, in the past, been often accused of manipulating the party in power to benefit his airline.

When Tata-Singapore Airlines was denied a licence to start an airline in the late 1990s-early 2000s, the media had alleged his hand in it. Read  More

You may also read!

Inside: The command and control bunker of Kargil War

Here is a look inside a representational command and control bunker of the 1999 Kargil War. During the fierce


Sagardhwani to embark on 2-month mission

INS Sagardhwani, an oceanographic research vessel operated and maintained by the Indian Navy for the Naval Physical & Oceanographic


Kulbhushan Jadhav was abducted by group of Jaish-ul-Adl from Chabahar and given to ISI: Report

Sources in the Indian government have said that Kulbhushan Jadhav was kidnapped in Iran's Chabahar and moved to Pakistan


Leave a reply:

Mobile Sliding Menu