 "Crisis-hit Jet Airways’ ultimatum: Infuse Rs 400 crore to stop grounding")
Jet Airways founder Naresh Goyal, who was forced to step down as chairman recently, has pulled out of the race to regain control of the airline. His consortium partner Future Trends Capital has also withdrawn from the process, it is learnt. Goyal was among the five entities to have submitted an expression of interest (EoI) to buy up to a 75 per cent stake in Jet as part of a lenders-led resolution plan to rescue the airline from going under.
While the cash-starved airline hasn’t shut down operations yet, CEO Vinay Dube on Tuesday sought Rs 400
