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Naresh Goyal writes emotional farewell letter to Jet Airways employees
Mumbai - Goyal said that no sacrifice is too big for him to safeguard the interest of the airline and its 22,000 employees.
Goyal also said his decision to step down from the board is "for the sake of my family of 22,000 employees and their respective families".
"For me, the 22,000 employees are my own family, as dear to me as Nivaan, Namrata and my wife Neeta, and no sacrifice is too big for me to safeguard the interest of Jet Airways and the families of the 22,000 employees."
"For the sake of my family of 22,000 employees and their respective families I have today taken the step of stepping down from the Board of Jet Airways. I became the Chairman on 1st April, 1992 and my family is behind me and with me in this decision and I hope you will support my decision too."
"I will miss you one and all. Thank you for your brilliant dedication and loyalty down the years. I am proud of you and wish you all a great future ahead with our Jet Airways!"
The airline's pilots along with engineers and other highly critical segment of employees have not been paid salaries from January 1, sources said, adding only 12.5 per cent of December pay was given.
The exit will see Jet Airways' Chairman Naresh Goyal reduce his stake to 25.5 per cent in the cash-strapped Indian carrier, the company said on Monday as it closes in on a rescue deal led by state-run banks.
The company will also engage with payment intermediaries for release of trapped cash. The airline will leverage the funding to partly clear pending dues towards lessors, vendors, creditors and employees in a phased manner.
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