Naresh Goyal

Who is Naresh Goyal?

Naresh Goyal is an Indian businessman and founder Chairman of Jet Airways. He started operating Jet Airways in 1993. Following the 2005 IPO of Jet Airways, Forbes magazine declared him the sixteenth richest person in India with a net worth of $1.9 billion.

He has over twenty-six years of experience in the civil aviation sector. Under his leadership, Jet Airways has emerged as one of India's most preferred airlines. Following the bad times in the airline industry in the second half of 2008, Naresh Goyal joined hands with his prominent rival Vijay Mallya's Kingfisher Airlines in October 2008, entering into an agreement that would rationalise the operation of routes, sharing of codes, prices and availability, fuel management and ground handling, thus making Airindia not only the largest market player, but also enabling both the airlines that would otherwise head for a collapse to economize and save. The Competition Commission of India has launched an inquiry if this arrangement is anti-competitive.