The chairman of India's private Jet Airways has resigned amid mounting financial woes which have forced it to suspend 14 international routes and ground more than 80 planes. The airline said in a statement that its board on Monday accepted the resignations of Chairman Naresh Goyal, his wife and a nominee of Gulf carrier Etihad Airways from the board. Goyal had been trying to obtain new funding from Etihad Airways, which holds a 24 percent stake in the airline, which was founded 27 years ago. Jet Airways recently grounded its five Boeing 737 Max 8 aircraft after a crash in Ethiopia that killed all 157 people on board. The airline said it was not flying any of the 737 Max planes in its fleet and was "in contact with the manufacturer."

Source: ABC News March 26, 2019 03:11 UTC