Naresh Goyal Not To Bid For Jet Airways Stake

Jet Airways founder Naresh Goyal has decided not to bid for acquiring stake in the cash-strapped airline, sources said Tuesday.

The full service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan.

Airline sources said Goyal, who had stepped down as chairman of the carrier last month, has withdrawn the bid for the airline.