By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Goyal, ex-CEO of Jet Airways, arrested in Mumbai
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > Goyal, ex-CEO of Jet Airways, arrested in Mumbai

Goyal, ex-CEO of Jet Airways, arrested in Mumbai

Robin Van Acker
Last updated: 26 May 2019 20:35
By Robin Van Acker 3 Min Read
Share
SHARE

Former Jet Airways Chairman Naresh Goyal and his wife were arrested at Mumbai International Airport by the immigration authorities. This happened on Saturday 26 May. That is what India Today reports.
Naresh Goyal and his wife Anita Goyal wanted to use Emirates flight EK 507 to travel via Dubai to London, but were not allowed to leave the country. The plane was already departed from the gate and it had reached the taxiway when it was recalled. After that, both were taken into custody by immigration officials, reports the Indian medium.

According to India Today, an investigation report has been issued against Naresh Goyal, his relatives and others, so that they cannot flee the country. SFIO (Serious Fraud Investigation Office) and ED (Enforcement Directorate) are investigating the Jet Airways cases. The ED investigates, according to certain sources, Etihad Airways’ investment in Jet Privilege Private Limited (JPPL).

That sources also said that the agency is investigating whether there were any violations when the Emirates took a stake in JPPL in 2014.

Jet Airways currently has a huge debt, while it also has other payment obligations, including current employee salaries. The second biggest airline of India carried out its last flight on 17 April after failing to obtain the necessary additional loans from various banks in order to continue their flight operations.

At the time that Jet Airways stopped operating flights, it had approximately 120 aircraft in its fleet. Unfortunately it was not possible to use all these aircraft. Many leasing companies had already obliged Jet Airways to ground their aircraft after it could no longer pay the bills.

It is remarkable that society has still not been declared bankrupt by a local judge. If we look at the current fleet of the airline, it only has 20 planes left at its disposal. The rest have returned to the leasing company or have been stored.

A last remarkable thing is that today a Dutch judge has declared Jet Airways bankrupt, “because the airline has an office at Schiphol, as a result, the Dutch court is also competent to pronounce a bankruptcy”, says the trustee.

We have to wait and see what further developments will be.

You Might Also Like

Heathrow Reimagined: A Call for a Better Passenger Experience

Edinburgh and Birmingham Airports Lifting 100ml Liquid Limit

Canadian Airline WestJet Adds Five New Destinations For Winter 2025/26

A Review of Emirates’ Financial Performance

Travellers’ Transition from Checked Bags to Carry-On Only

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Robin Van Acker
By Robin Van Acker
Follow:
Photojournalist - An avid aviation photographer, Robin contributes to the Commercial Aviation section of the publication, with a focus on liveries, new aircraft deliveries and route development
Previous Article Avianca Brazil Grounded by Brazil Regulator
Next Article Air New Zealand to get new 787-10

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

modern airport lounge interior with curved wood and teal wall paneling, soft leather seating, round black coffee tables, ambient pendant lighting, and a large arched floor lamp.
Delta Air Lines Expands Seattle Presence with Nonstop Global Routes and Premium Lounges
Airlines Airports Aviation Route Development Travel
Dnata Catering at Tomorrow Takes Flight event
Tomorrow Takes Flight: Emirates aims to end Plastic Pollution
Airshow & Events Aviation
Iron Maiden and their customized Boeing 757 that is flown by lead singer Bruce Dickinson. © AP Photo
Musicians who love to fly!
Did You Know Travel Radar
British airways flightpath and airspace
How busy is the UK airspace?
Airlines Aviation Did You Know
Emirates Airbus climbing up to a cruising altitude
What do the statistics say about air crash frequency?
Aircraft Aviation Incidents & Accidents
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?