Naresh Goyal seeks more time to conclude Jet Airways resolution plan

Goyal once again gave his assurance that pending salary dues will be cleared on priority

Naresh Goyal

Jet Airways Monday defaulted on payment to its debenture-holders--the third default since January--even as airline chairman Naresh Goyal assured the employee of a resolution in the immediate possible time, but said more time is needed to clinch bailout.

Goyal, in a letter to the 16,000 staff, which comes ahead of the domestic pilots' body National Aviator's Guild annual meeting here, said talks with the airline's strategic partner Etihad Airways and SBI-led lenders are going on.

Though Goyal sought more time to clinch the deal, he did not offer a