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Indian Immigration authorities on Saturday stopped former Jet Airways chief Naresh Goyal and his wife from travelling to London, an official said, months after the debt-laden company grounded its fleet.
#JetAirways #NareshGoyal #aviation
See more videos at https://gulfnews.com/videos
Read more Gulf News stories here: https://bit.ly/2HLJ2km
Indian Immigration authorities on Saturday stopped former Jet Airways chief Naresh Goyal and his wife from travelling to London, an official said, months after the debt-laden company grounded its fleet.
#JetAirways #NareshGoyal #aviation
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NewsTranscript
00:00India's debt-laden Jet Airways is still making headlines as its founder and former chairman
00:06was stopped from flying to London at Mumbai's international airport.
00:10Naresh Goyal and his wife Anita Goyal were taken into custody by airport authorities
00:15after they stopped the flight from taking off to Dubai just as it was on the runway.
00:19Officials gave no explanation as to why the couple was stopped from traveling, but media
00:23reports said that they were later allowed to leave the airport.
00:26The travel ban came just about two months after Naresh Goyal stepped down from his position
00:30as chairman of the board of directors of Jet Airways while his wife stepped down from her
00:34position as a board member as the airline grounded all its aircraft and all its fleet
00:39due to a liquidity crisis.
00:40For now, Jet Airways is studying bids from potential investors who are vying for a stake
00:44in the airline.
00:45In other news, all eyes will turn to Saudi Arabia's stock market this week as Saudi
00:49stocks are added to the MSCI's Emerging Market Index as of the end of May 28.
00:54The addition onto the MSCI's Emerging Market Index is expected to bring in billions of
00:59dollars worth of foreign investment into Saudi Arabian stocks, though analysts worry that
01:03share prices may already be a bit too high.
01:05Saudi Arabia's stocks will also next year be upgraded onto the FTSE Russells Index.
01:10For more details on these stories and more, please do check us out at gulfnews.com forward
01:14slash business.
01:15This has been the Daily Business Wrap.
01:17Thanks for watching.