After a consortium of Jet’s lenders, led by the State Bank of India, took control of the airline, they promised a capital infusion of Rs 1,500 crores as part of a debt resolution plan.
As fears pertaining to the future of the airline persisted, Goyal said that he had conscientiously taken some hard, personal decisions and extended all the cooperation to the consortium of Indian lenders.
The statement comes a day after Jet grounded 15 more planes and offered a sabbatical to its pilots in an official communication.
As per the debt resolution plan, approved by the airline’s board on March 25, apart from a fund infusion of up to Rs 1,500 crore by lenders, debt will be converted into equity. After Goyal and his wife Anita exited the Jet Airways board, Goyal’s stake in the airline came down to 25 percent while that of Etihad shot down to 12 percent.