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Wednesday 10 July 2013

Naresh Goyal keeps his nose ahead in $600 mn Etihad deal to save Jet Airways

Amid intense lobbying, Naresh Goyal has kept his nose ahead in fashioning — and now trying to save — the deal to save his airline.Amid intense lobbying, Naresh Goyal has kept his nose ahead in fashioning — and now trying to save — the deal to save his airline.
There are some bizarre rules. The five-year, 20-aircraft rule for allowing an airline in India to fly abroad makes no sense... it has probably been put in by Naresh (Goyal) or someone like that to protect themselves." The reading of Tony Fernandes, the voluble chief of Air Asia, on the origins of this specific rule may or may not be true, but anybody who is somebody in the aviation industry will testify the Jet AirwaysBSE -0.25 % chief sure knows how to win friends and influence people.

Read More By Satish John, ET Bureau

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