CURRENT AFFAIRS

Detailed explanation-1: -Naresh Goyal (born 29 July 1949) is a non-resident Indian (NRI) businessman and founder Chairman of Jet Airways .

Detailed explanation-2: -Goyal started by borrowing some money from his mother and ended up being the owner of the largest airline company in India. After the Jet Airways IPO, Naresh Goyal’s net worth was estimated by Forbes at $1.9 billion, and he was also announced as the 16th richest Indian by Forbes magazine.

Detailed explanation-3: -Goyal and his wife Anita announced their exit in a filing with the stock exchange that stated Jet’s lenders will take control of the airline. The banks, led by the State Bank of India, have taken a controlling stake in the airline.

Detailed explanation-4: -The reality, however, is quite the opposite. Thirteen airlines have shut down in India over the last two decades. They include large ones such as Jet Airways and Kingfisher Airlines, and smaller ones such as Air Carnival and Air Pegasus.

Detailed explanation-5: -Jet Airways Branding As Murari Lal Jalan, the new owner of Jet Airways and Lead Member of the JKC, remarked recently: “We are now at the brink of creating history by bringing India’s most-loved airline back to the skies.