Mumbai: Jet Airways' ex-Chairman Naresh Goyal has penned another emotional letter to employees, reigniting hopes of reviving the now defunct airline. According to the letter accessed by IANS, Goyal has claimed to have made all possible sacrifices to keep the airline afloat. Reminiscing on the past, Goyal said: "Each year since the past 25 years, the 5th day of May has held a special place in the hearts of each of us." Running out of funds and lenders and denied any further lifeline, Jet Airways grounded its operations on April 17. Private equity firm TPG Capital, Indigo Partners, National Investment and Infrastructure Fund (NIIF) and Etihad Airways are in the race to buy a stake in the grounded Jet Airways.

Source: Mint May 07, 2019 13:41 UTC