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Chairman of India's Ailing Jet Airways Resigns

by Associated Press

   NEW DELHI --

   The chairman of India's private Jet Airways has quit amid mounting
   financial woes which have forced it to suspend 14 international routes
   and ground more than 80 planes.
   A statement by the airline says its board on Monday accepted the
   resignations of Chairman Naresh Goyal, his wife and a nominee of Gulf
   carrier Etihad Airways from the board. It said Goyal will also cease to
   be chairman.
   Goyal has been trying to obtain new funding from Etihad Airways, which
   holds a 24 percent stake in the airline, which was founded 27 years
   ago.
   The statement said the airline will receive 15 billion rupees ($217
   million) in immediate funding under a recovery plan formulated by its
   creditors.