Time has come to pass on the baton, an emotional Naresh Goyal tells Jet Airways' employees

Jet was seen as India’s finest airline after the government nationalized the Tata group-founded Air India. While AI was shaping up as one of the world’s best airline under J R D Tata, in 1953 the Centre decided to privatize it. Decades of mismanagement left AI in a terrible condition. So when Jet was founded in 1993, it soon emerged as the finest premium airline the country had seen in a long time.

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