Latest Naresh Goyal Stories
The chairman of India's Jet Airways says he's rescinding a move to cut 1,900 jobs because he couldn't stand to see his mostly young employees suffer.
The chairman of India's leading private airline Jet Airways, Naresh Goyal, has reversed plans to lay off 1,900 staff, but has not commented on whether the reinstated staff will have to take a pay cut.
India-based airlines Kingfisher and Jet Airways, which recently formed a cost-saving alliance, plan to send back 15 narrow-bodied leased aircrafts to the leasing companies, after their leases end later in 2008 and in 2009, according to media reports.
Jet Airways and Kingfisher Airlines have signed an agreement for the formation of an alliance of wide-ranging proportions that will help both carriers to significantly rationalize and reduce costs and provide improved standards of service and a wider choice of air travel options to consumers with immediate effect.
Kingfisher Airlines Limited Dear Friends, The fundamentals for air transport in India remain sound. Our economic growth at a rate of more than 7.5 %, bears testimony to the fact that the prospect for air transport will also grow in the future.
By Kushan Mitra Naresh Goyal may be the poster boy of India's post-reforms civil aviation industry, but the last year has not been a great one for him.
By Saurabh Sinha NEW DELHI: The days of high level connectivity across the country with a choice of reasonably-priced flights are numbered. Jet Airways chairman Naresh Goyal on Monday said Indian carriers have 30% excess capacity flights and are selling tickets 30% below break-even levels.