Jet Airways founders and principal promoters Naresh Goyal and his wife stepped down from the board and quit the airline they founded nearly 25 years ago.

Naresh Goyal is in London, and is likely to address his employees from there.

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The current CEO Vinay Dube is expected to stay on and steer Jet out of the current crisis.

Jet’s lenders consortium may invoke the entire 51% stake of Naresh Goyal in the airline, and start looking for a new buyer in the weeks to come.

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