With the lending banks now owning more than 50% of the share capital of Jet Airways, the shareholding of Naresh Goyal now reduced to about 25%, he having resigned from its board together with his wife and having further agreed to reduce his shareholding to below 10% to facilitate the entry of a new promoter for the airline and Etihad eager to exit at any price, the troubled mismanaged airline, which is presently under the interim management of SBI, is up for sale. The question is will Naresh Goyal buy back Jet? Mr. Akhilesh Bhargava, Business Editor of HW News Network shares his insights on the matter.
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