Jet Airways: A Case on Bankruptcy Filing

Case Code: FINC196
Case Length: 10 Pages
Period: 2007-2019
Pub Date: 2022
Teaching Note: Available

Price: Rs.300
Organization: Jet Airways (India) Limited
Industry: Transport & Logistics
Countries: India
Themes: Bankruptcy & Turnaround Management, Business Failure

Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

Around 3:35 p.m. on May 25, 2019, Naresh Goyal (Naresh), founder of Jet Airways (India) Limited (Jet Airways), and his wife, Anita Goyal (Anita), who were on board the Dubai-bound Emirates Boeing 777 aircraft EK 507 were asked to deplane at Mumbai Airport. The airplane was on the taxiway when the air traffic control summoned it back and Naresh and Anita were asked to deboard. There was a lookout circular against Naresh for his alleged involvement in financial irregularities at Jet Airways, which barred him from traveling outside India..

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