The founder of India’s Jet Airways has stepped down as chairman amid a crisis for the company.
It is thought Naresh Goyal's resignation is likely to pave the way for potential investors to save India's oldest private carrier.
Reports say they were held back by Mr Goyal's reluctance to give up control of the company.
Jet's debt exceeds $1bn (£750m) and the airline has grounded flights as it is struggling to pay employees, suppliers and leasing companies.
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