Goyal agrees to step down as Jet Airways Chairman: Reports

Jet Airways Founder Naresh Goyal has reportedly agreed to step down as the airline's Chairman. This comes weeks after reports suggested that the cash-strapped airline has agreed to most of the conditions set by its second-largest shareholder Etihad for its revival. Etihad had agreed to invest in Jet Airways if Goyal stepped down from the board, reports had suggested.