Jet Airways founder and chairman Naresh Goyal and his wife Anita Goyal will resign from the board of the crisis-hit airline, according to a regulatory filing.
The decision was taken at the airline's board meeting held here on Monday.
In a filing to the stock exchanges, Jet Airways said Naresh Goyal, Anita Goyal and Etihad Airways PJSC's nominee director Kevin Knight will step down from the board.
Abu Dhabi-based Etihad is a strategic partner with 24 per cent stake in Jet Airways.
Naresh Goyal would also cease to be the chairman, the filing said.
Jet Airways, which has been operating for more than 25 years, is grappling with a financial crunch and is also looking to raise fresh funds.
The airline has suspended operations on at least 14 international routes until end-April, and over 80 planes are on the ground. As many as 54 aircraft have been grounded due to non-payment of lease rentals.
After weeks of speculation and uncertainties over the future course of Jet Airways, the airline's board on Monday approved a resolution plan formulated by SBI-led domestic lenders.
According to the filing, two nominee directors of the lenders would be inducted into the board, and an immediate funding of up to Rs 1,500 crore would be provided to the cash-strapped airline by 'way of issue of appropriate debt instrument'.
Appropriate security would be created over the company's assets for securing the existing facilities extended by the lenders to the airline, which has a debt burden of more than Rs 8,000 crore.
As many as 11.4 crore equity shares would be issued to the lenders upon conversion of debt.
The board also approved the 'constitution of an Interim Management Committee to manage and monitor the daily operations and cash flow of the company', the filing said.
Shares of Jet Airways zoomed 15.5 per cent on Monday with Naresh Goyal stepping down.
The stock jumped 12.69 per cent to close at Rs 254.50 on the BSE. During the day, it rose sharply by 17.77 per cent to Rs 266.
On the National Stock Exchange (NSE), shares zoomed 15.46 per cent to close at Rs 261 apiece.
On the traded volume front, 33.60 lakh shares were traded on the BSE and over 4 crore shares on the NSE during the day.
While the airline made an official announcement about the board's decisions after the markets closed, reports have been doing the rounds since morning that Goyal would be stepping down from the board.
