Founder of India's beleaguered Jet Airways quits

India's troubled Jet Airways said Monday that founder Naresh Goyal has stepped down as chairman and left the company board as part of a rescue plan. The Mumbai-based carrier, which until recently was India's second biggest airline, has been forced to ground three-quarters of its 119-aircraft fleet. India's air passenger numbers have rocketed six-fold over the past decade with its middle class taking advantage of better connectivity and cheaper flights.

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