TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Marxist Historian Irfan Habib Attacks Ambedkar's Nationalism, Says He Sided With British

    Marxist Historian Irfan Habib Attacks Ambedkar’s Nationalism, Says He Sided With British

    PM Modi's Name On List Of Speakers At UN General Assembly Session: Report

    No final call made on PM Modi’s participation in UN General Assembly 80th Session in September

    From Janhvi to Varun, Celebrity Toolkit Campaign Against SC Dog Order: Hidden Hand of Vaccine Lobby?

    From Janhvi to Varun, Celebrity Toolkit Campaign Against SC Dog Order: Hidden Hand of Vaccine Lobby?

    ‘Sad To Be Used Politically, Made Pawn’: Bihar Woman Lashes at Opp for Using Her Identity To Allege ‘Vote Chori’

    ‘Sad To Be Used Politically, Made Pawn’: Bihar Woman Lashes at Opp for Using Her Identity To Allege ‘Vote Chori’

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    India Set to Roll Out First Made-in-India Chip as Semiconductor Mission Gains Momentum

    India Set to Roll Out First Made-in-India Chip as Semiconductor Mission Gains Momentum

    India Becomes Top Smartphone Supplier to US, Electronics Manufacturing Hits Rs 12 Lakh Cr, Despite Tariff Tussle

    India Becomes Top Smartphone Supplier to US, Electronics Manufacturing Hits Rs 12 Lakh Cr, Despite Tariff Tussle

    China Expert Urges India to Reconsider its Strategic Distance From China, Warns of America’s containment playbook

    China Expert Urges India to Reconsider its Strategic Distance From China, Warns of America’s containment playbook

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Soldier killed as infiltration bid foiled in Uri by Indian Army

    Indian Army Foils Infiltration Attempt in Uri Amid Cross-Border Tensions, Soldier Killed

    As Tribute to Armed Forces, Independence Day Official Invite Bears Operation Sindoor Emblem

    As Tribute to Armed Forces, Independence Day Official Invite Bears Operation Sindoor Emblem

    Lashkar-e-Taiba

    Pakistani National with Lashkar-e-Taiba Links Arrested in Seoul, First for South Korean Authorities

    IAF Unveils Never-Before-Seen Footage of Operation Sindoor Airstrikes in Pakistan

    IAF Unveils Never-Before-Seen Footage of Operation Sindoor Airstrikes in Pakistan

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    PM Modi's Name On List Of Speakers At UN General Assembly Session: Report

    No final call made on PM Modi’s participation in UN General Assembly 80th Session in September

    Pro-Khalistan Elements Vandalise BAPS Temple In US, Indian Envoy Reacts

    Pro-Khalistan Elements Vandalise BAPS Temple In US, Indian Envoy Reacts

    Can't snatch single drop of water: Pakistan PM Shehbaz Sharif threatens India

    Fourth Anti-India Outburst From Pakistan in 48 Hours: Shehbaz Sharif Rakes Up Indus Water Treaty to Threaten India

    Trump’s Pakistan Oil Deal and US Terror Tag on Baloch Rebels: Is Balochistan the Next Resource War Zone?

    Trump’s Pakistan Oil Deal and US Terror Tag on Baloch Rebels: Is Balochistan the Next Resource War Zone?

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Nationwide ‘Har Ghar Tiranga’ Campaign to Feature MP Bike Rally and Cultural Events Ahead of Independence Day

    Nationwide ‘Har Ghar Tiranga’ Campaign to Feature MP Bike Rally, Cultural Events Ahead of Independence Day

    MK Stalin Unveils Tamil Nadu’s Education Policy, Rejects NEP, Three-Language Formula

    MK Stalin Unveils Tamil Nadu’s Education Policy, Rejects NEP, Three-Language Formula

    India and Sri Lanka—Bound by Devotion, Building for the Future

    India-Sri Lanka Spiritual Partnership Deepens with Inauguration of Ashok Vatika Meditation Centre at Seetha Amman Temple

    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    From Janhvi to Varun, Celebrity Toolkit Campaign Against SC Dog Order: Hidden Hand of Vaccine Lobby?

    From Janhvi to Varun, Celebrity Toolkit Campaign Against SC Dog Order: Hidden Hand of Vaccine Lobby?

    News 18: The Bigger Problem With Clickbait Culture

    Bigg Boss 19 Controversy: News18 Faces Backlash Over Clickbait Article on Pahalgam Terror Attack Widow Himanshi Narwal

    How a PNG Resizer Helps Optimize Images for Amazon, eBay, and Shopify Listings

    How a PNG Resizer Helps Optimize Images for Amazon, eBay, and Shopify Listings

    Punjabi Music’s Vulgar Beat: Honey Singh, Karan Aujla Summoned Over Misogynistic Lyrics

    Punjabi Music’s Vulgar Beat: Honey Singh, Karan Aujla Summoned Over Misogynistic Lyrics

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Marxist Historian Irfan Habib Attacks Ambedkar's Nationalism, Says He Sided With British

    Marxist Historian Irfan Habib Attacks Ambedkar’s Nationalism, Says He Sided With British

    PM Modi's Name On List Of Speakers At UN General Assembly Session: Report

    No final call made on PM Modi’s participation in UN General Assembly 80th Session in September

    From Janhvi to Varun, Celebrity Toolkit Campaign Against SC Dog Order: Hidden Hand of Vaccine Lobby?

    From Janhvi to Varun, Celebrity Toolkit Campaign Against SC Dog Order: Hidden Hand of Vaccine Lobby?

    ‘Sad To Be Used Politically, Made Pawn’: Bihar Woman Lashes at Opp for Using Her Identity To Allege ‘Vote Chori’

    ‘Sad To Be Used Politically, Made Pawn’: Bihar Woman Lashes at Opp for Using Her Identity To Allege ‘Vote Chori’

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    India Set to Roll Out First Made-in-India Chip as Semiconductor Mission Gains Momentum

    India Set to Roll Out First Made-in-India Chip as Semiconductor Mission Gains Momentum

    India Becomes Top Smartphone Supplier to US, Electronics Manufacturing Hits Rs 12 Lakh Cr, Despite Tariff Tussle

    India Becomes Top Smartphone Supplier to US, Electronics Manufacturing Hits Rs 12 Lakh Cr, Despite Tariff Tussle

    China Expert Urges India to Reconsider its Strategic Distance From China, Warns of America’s containment playbook

    China Expert Urges India to Reconsider its Strategic Distance From China, Warns of America’s containment playbook

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Soldier killed as infiltration bid foiled in Uri by Indian Army

    Indian Army Foils Infiltration Attempt in Uri Amid Cross-Border Tensions, Soldier Killed

    As Tribute to Armed Forces, Independence Day Official Invite Bears Operation Sindoor Emblem

    As Tribute to Armed Forces, Independence Day Official Invite Bears Operation Sindoor Emblem

    Lashkar-e-Taiba

    Pakistani National with Lashkar-e-Taiba Links Arrested in Seoul, First for South Korean Authorities

    IAF Unveils Never-Before-Seen Footage of Operation Sindoor Airstrikes in Pakistan

    IAF Unveils Never-Before-Seen Footage of Operation Sindoor Airstrikes in Pakistan

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    PM Modi's Name On List Of Speakers At UN General Assembly Session: Report

    No final call made on PM Modi’s participation in UN General Assembly 80th Session in September

    Pro-Khalistan Elements Vandalise BAPS Temple In US, Indian Envoy Reacts

    Pro-Khalistan Elements Vandalise BAPS Temple In US, Indian Envoy Reacts

    Can't snatch single drop of water: Pakistan PM Shehbaz Sharif threatens India

    Fourth Anti-India Outburst From Pakistan in 48 Hours: Shehbaz Sharif Rakes Up Indus Water Treaty to Threaten India

    Trump’s Pakistan Oil Deal and US Terror Tag on Baloch Rebels: Is Balochistan the Next Resource War Zone?

    Trump’s Pakistan Oil Deal and US Terror Tag on Baloch Rebels: Is Balochistan the Next Resource War Zone?

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Nationwide ‘Har Ghar Tiranga’ Campaign to Feature MP Bike Rally and Cultural Events Ahead of Independence Day

    Nationwide ‘Har Ghar Tiranga’ Campaign to Feature MP Bike Rally, Cultural Events Ahead of Independence Day

    MK Stalin Unveils Tamil Nadu’s Education Policy, Rejects NEP, Three-Language Formula

    MK Stalin Unveils Tamil Nadu’s Education Policy, Rejects NEP, Three-Language Formula

    India and Sri Lanka—Bound by Devotion, Building for the Future

    India-Sri Lanka Spiritual Partnership Deepens with Inauguration of Ashok Vatika Meditation Centre at Seetha Amman Temple

    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    From Janhvi to Varun, Celebrity Toolkit Campaign Against SC Dog Order: Hidden Hand of Vaccine Lobby?

    From Janhvi to Varun, Celebrity Toolkit Campaign Against SC Dog Order: Hidden Hand of Vaccine Lobby?

    News 18: The Bigger Problem With Clickbait Culture

    Bigg Boss 19 Controversy: News18 Faces Backlash Over Clickbait Article on Pahalgam Terror Attack Widow Himanshi Narwal

    How a PNG Resizer Helps Optimize Images for Amazon, eBay, and Shopify Listings

    How a PNG Resizer Helps Optimize Images for Amazon, eBay, and Shopify Listings

    Punjabi Music’s Vulgar Beat: Honey Singh, Karan Aujla Summoned Over Misogynistic Lyrics

    Punjabi Music’s Vulgar Beat: Honey Singh, Karan Aujla Summoned Over Misogynistic Lyrics

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Naresh Goyal offers Rs 250 crore of his own money for Jet Airways’ needs

Amit Agrahari by Amit Agrahari
8 May 2019
in Business
Naresh Goyal offers Rs 250 crore of his own money for Jet Airways’ needs

PC- India Today

Share on FacebookShare on X

Naresh Goyal, the founder chairman of Jet Airways, offered to invest Rs 250 crore in the company to revive the Mumbai based air carrier. He stepped down as chairman in April but his efforts to save the company continued. In a letter to employees, Goyal said “Since stepping down from our respective positions, Neeta (Goyal) and I have had no role at Jet Airways after having made every possible sacrifice and commitment to ensure that the best interests of our Jet Airways family are served.” The workers of Jet Airways have not received salary since beginning of the year.

The consortium of lenders has rejected the proposal by Goyal to retain the control of the company. The company is under the debt of more than 1 billion dollars and few serious bidders like Etihad Airways, TPG Capital and Indigo Partners and government-backed National Investment and Infrastructure Fund (NIIF) are negotiating the deal for Jet Airways with the lenders.

RelatedPosts

Jet Airways will fly again, a major victory for the Insolvency and Bankruptcy Code

What makes Indigo India’s only truly ‘profitable’ airline company?

A news that will bring a smile on your face – Jet Airways may start flying again

Load More

Jet Airways, one of India’s prominent airlines, which held more than 15 percent of market share in civil aviation has been grounded. The company employed more than 16,000 people and was the third largest air carrier in the country. Over the years it has accumulated a net debt of Rs 7,299 crore and net loss of the company stood at Rs 13,980 crore as of December 2018. The company asked the lenders who control the board for funds but the plea was rejected.

The company operated 600 daily flights a few months ago and on the last day, it operated only 17 services with five plans. The company has a dramatic rise and changed the rules of the aviation industry in the last two and a half decade. It began operations as taxi operator in 1993 and was granted scheduled airline status in 1995. Naresh Goyal, the person who became synonymous with the airline acquired 40 percent stake in the company from Gulf and Kuwait airway in 1997. In 2004, Jet became the first private company to operate an international flight. It broke the monopoly of state-led companies like Air India and Indian Airlines. The company launched its IPO in 2005 and acquired Sahara air in 2007.

The downfall of the company started after acquiring debt-ridden Sahara Air, which proved to be a bad decision. In 2013, it sold 24 percent stake to Etihad Airways. However, this could not save the debt-ridden company and its market leadership continued to weaken. The entry of other low-cost airlines like IndiGo and Spice Jet further dampened the chances of revival. Jet Airways could not stand the competition posed by other efficient low-cost airlines in the market.

Finally, the company has ended its operations. Earlier, the government had ruled out any intervention in the crisis-ridden Jet Airways. Many experts expected the government to help out the company. However, the Modi government is firm that the businesses should work on market principals and if a company is not able to make profits, it should exit from the business. The era of spoon feeding the private companies in the name ‘strategic importance’ is over. Now if a company is not able repay its dues, the management will be transferred to the lender and the company will be on their mercy.

Tags: Jet AirwaysNaresh Goyal
Share225TweetSend
Previous Post

Sanjay Nirupam spreads lies about fees imposed for darshan at Baba Vishwanath temple

Next Post

UP is emerging as the biggest religious tourism hub under CM Yogi

Related Posts

Trump’s Tariffs: How They Could Hurt US More
Business

Trump’s Tariffs Could Hurt US More; Needs Lessons from Nehru’s Protectionist Failures

7 August 2025

US President Donald Trump has announced new tariffs on Indian imports, 25% effective immediately, escalating to 50% by August...

Trump’s Tariffs: How They Could Hurt US More
Analysis

Tariff War: Modi Defends Bharat, Trump Can’t Bully India

5 August 2025

In an increasingly volatile and hostile global order, Prime Minister Narendra Modi is once again proving why he stands...

‘Focused on India’s Interest’: Piyush Goyal Tells Parliament
Business

‘Focused on India’s Interest’: Piyush Goyal Tells Parliament After Trump’s Tariff Blow

31 July 2025

Union Commerce Minister Piyush Goyal addressed the Lok Sabha on Thursday, asserting that the Indian government is thoroughly examining...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Why The Journalist like Ravish Speaking Pakistan’s Script all the time | Operation Sindoor

Why The Journalist like Ravish Speaking Pakistan’s Script all the time | Operation Sindoor

00:05:55

why are Punjabi pop icons yo yo honey Singh, karan aujla abusing indian culture?

00:04:17

'We’ll Start from the East’: Asim Munir’s Threat – Who’s Arming Pakistan?

00:06:14

The Secret Power of India’s Unseen Army

00:07:17

Legal Expert: Inside Sanjay Kapoor's Rs 18,000 Cr property Distribution

00:10:19
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Contact Us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited