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Tuesday, 18 December, 2018, 16 : 45 PM [IST]

Jet Airways shares slips by 4%

According to Buisness Standard (BS), shares of Jet Airways fell as much as 4% on BSE in early deals after news reports suggested Nikos Kardassis, the former CEO of private airline, who made a comeback to the carrier in an advisory role and was tasked to turnaround the cash-strapped airline, has once again parted ways with it.

Kardassis parted ways with the airline after Naresh Goyal initiated discussions with his investment partner Etihad Airways for further stake sale to garner funds. The UAE national carrier Etihad Airways holds 24 per cent stake in Jet Airways, which it acquired in 2013.

The Greek-American aviation veteran in his third come back to the Naresh Goyal-controlled Jet Airways in May this year was roped-in to revive the fortunes of the full-service carrier following its dismal financial performance since January this year.

(Source : BS)

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