Sunday, September 03, 2023

How Jet Airways founder Naresh Goyal built a successful airline and then sank it

Naresh Goyal, the founder of Jet Airways, has been arrested by the Enforcement Directorate in connection with a money-laundering case. Goyal, who once led India's largest domestic airline, faced financial problems after acquiring rival Air Sahara in 2007 and making costly mistakes in fleet configuration. Jet Airways ultimately suspended all flights in April 2019 due to a lack of funds. Goyal's arrest marks a significant downfall for a man who was once highly successful in the aviation industry.

Read how the downfall happened >>

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