Riches to Rags

    Jet Airways: A Journey from Riches to Rags

    Jet Airways, an airline operator, incorporated in 1992, was a private company funded by Naresh Goyal (60%), Gulf Air (20%) and Kuwait Airways (20%) (though, both of the latter two international airlines had to exit in 1997 after a government ordinance and Naresh Goyal purchased the remaining 40% stock).

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