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ASSIGNMENT

SHAH PRIYANK P
ROLL NO:-09

Naresh goyal
Founder & chairmen of Jet Airways

Naresh Goyal is the founder Chairman of Jet Airways, India's largest domestic
airline. Jet Airways presently operates over 320 flights daily to 48 destinations, of
which five are international. Naresh Goyal also figures in Forbes list of Indian
billionaires.
He was born on (born December 23, 1950) in Patiala in Punjab in the house of a
jewellery dealer. When he was 11 his family went through an economic crisis and
his house was auctioned. He lived with his mother's uncle. Naresh Goyal had to
walk for a few miles everyday to school as his parents could not afford a bicycle
for him, and started his career as a cashier at his maternal uncle's company at a
starting salary of Rs 300 a month. He completed his graduation in Commerce from
Bikram College of Commerce, Patiala
After graduating in commerce in 1967, Naresh Goyal joined the travel business
with the general sales agents for Lebanese International Airlines. From 1967 to
1974, he took extensive training in all facets of the travel business through his
association with several foreign airlines.
Subsequently, he was appointed the public relation manager of Iraqi Airways in
1969 and from 1971 to 1974 was the regional manager for ALIA, Royal Jordanian
Airlines.
During this period, he also worked with the Indian offices of Middle Eastern
Airline, where he gained experience in various areas including ticketing,
reservations and sales. He was, thereafter, appointed regional manager of Phillipine
Airlines where he handled the commercial operations of the airline in India.
In May 1974, Naresh Goyal founded Jetair (Private) Limited to look after Sales
and Marketing operations of foreign airlines in India. Naresh Goyal was involved
in developing studies of traffic patterns, route structures, and operational
economics and flight scheduling. His rich and varied experience made him an
authority in the world of aviation and travel.

In 1991, when the Indian economy was being opened up, Naresh Goyal took
advantage of Open Skies Policy of the Government of India and set up Jet Airways
for the operation of scheduled air services on domestic sectors in India. Jet
Airways started commercial operations on May 05, 1993.

He took over Air Sahara giving his company 32% of the Indian travel market.
Goyal, however, hasn't forgotten his humble past. A reason why he remains modest
and avoids the limelight. For e.g. minutes after announcing his decision to buy Air
Sahara for Rs 2,225 crore (Rs 22.25 billion) - a deal, which gives him control over
almost half of India's domestic aviation airspace - Goyal refuses to give it much
importance and said, "It's no big deal. I am neither happy nor excited. Such
acquisitions have been the way of life in the west."
He has over 25 years of experience in the civil aviation sector. Under his
leadership, Jet Airways has emerged as one of India's most preferred airlines.
Today, Jet Airways has evolved into India's largest private domestic airline. Jet
Airways has been voted India's "Best Domestic Airline" by several organizations
of world-class repute. In 2005, Jet Airways came up with an IPO and it was a huge
success.
He has won several honors and accolades. These include Entrepreneur of the Year
Award for Services' from Ernst & Young in 2000, 'Distinguished Alumni Award-
2000 for meritorious and distinguished performance as an Entrepreneur',
Outstanding Asian-Indian' award for leadership and contribution to the global
community given by the Indian American Center for Political Awareness,
'Aerospace Laurels' for outstanding contribution in the field of Commercial Air
Transport twice, in April 2000 and February 2004.Naresh Goyal also received the
first BM Munjal Award for Excellence in Learning & Development in the Private
Sector category in 2006.
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 rationalize the
operation of routes, sharing of codes, prices and availability, fuel management and
ground handling, thus making Jet Airways-Kingfisher not only the largest market
player, but also enabling both the airlines that would otherwise head for a collapse
to economize and save.
He might not be able to bring one of the airline's Boeing 777s into the Grand
Ballroom of the Waldorf-Astoria to show off the upgraded cabins of Jet Airlines,
but he did the next best thing: He brought life-size replicas of the cabins and
showed off the flight attendants' newly designed mustard-colored ensembles.
Goyal markets service and comfort as the keys to his airline. For about $10,000,
passengers in first class get a private suite, complete with closing doors; a full bed;
a flat-screen television; and a meal that might be served at a top restaurant in any
city. Business and coach offer levels of comfort too, with televisions and
ergonomically designed chairs.
Mr. Goyal served on the Board of the International Air Transport Association
(IATA) from 2004-2006.
Mr. Goyal is the recipient of several national and international awards, including
the:
• On August 6, 2010, Mr. Goyal received the prestigious Lifetime
Achievement Award by the Travel Agents Association of India (TAAI).
• Featured by Business Week as one of the five leaders from India in the July
2005 Asia Edition cover story- “Stars of Asia - 25 Leaders at The Forefront
of Change.”
• Conferred with the “Travel Entrepreneur of the Year” award at the 19th
annual TTG(Travel Trade Gazette) Travel Awards. The awards were
presented at a glittering ceremony and gala dinner on Thursday 25th
October, 2007 at the Sofitel Centara Grand, Bangkok.
• Awarded the prestigious “Man of the Year Award” by the Aviation Press
Club (APC) at its 30th Anniversary on Wednesday, April 09, 2008, in
Belgium. The Aviation Press Club is an influential club of Belgian Aviation
Journalists.
• Honoured at the fourth edition of the prestigious CNBC TV18 India
Business Leader Awards, in the ‘Taking India Abroad’ award category, at the
Taj Lands End, Mumbai on January 22, 2009.

• Voted “International Entrepreneurs of the Year”, along with wife Anita


Goyal, Executive Vice President- Revenue Management and Network
Planning, Jet Airways by the readers of Asian Voice, the highest circulation
newspaper among the Asian Community in the UK. Mr. Goyal received the
award from the Rt. Hon Geoff Hoon MP, UK Secretary of State for
Transport, at the UK House of Commons in February 27, 2009.

He has a son name Nivaan Goyal currently studying in London,and a daughter


named Namarata Goyal.