Big setback for Jet Airways! Modi govt turns its back on Naresh Goyal
The Central government on Monday ruled out the possibility of providing any financial bail-out or leeway to cash-strapped Naresh Goyal led Jet Airways, stating that it`s the prerogative of the company`s management to implement policies to ensure smooth functioning of the airline.
Jet Airways is facing financial troubles due to an increase in Brent fuel, along with a weak rupee and a mismatch between high fuel prices and low fares. Image source: PTI