The troubled Indian founder of Jet Airways, detained at the airport

MUMBAI: The Indian immigration authorities on Saturday prevented former Jet Airways chief Naresh Goyal and his wife from traveling to London, a senior official said several months after the indebted airline pulled in his fleet.
Goyal was arrested at the Mumbai International Airport with his wife Anita after the authorities recalled the Emirates flight to Dubai while he was heading to the runway to take off, a said a spokesman for the immigration department at AFP newspaper.
Officials gave no explanation for the couple's travel ban, but the media said they were allowed to leave the airport later.
Goyal is not under investigation, but a number of renowned businessmen have fled India for alleged involvement in financial crimes, causing a public outcry.
Aged 69, he left the company's presidency and board in March following a debt restructuring pact with lenders as he contracted a $ 1.2 billion loan .
Anita has also left the board.
Formerly the main airline in India, Jet ended its activities after a consortium of lenders refused to pay money urgently, failing to find a buyer for a 75% stake in the carrier in April.
The consortium led by State Bank of India, the largest Indian state bank, took control of Jet in March, promising to provide "immediate financial support" of $ 218 million as part of a rescue.
But lenders have refused to pay money to the troubled airline, which has not paid employees' salaries since January, forcing hundreds of people into the streets, with some 20,000 people at risk of losing their jobs.
Bad investments, competition from several low-cost carriers, high oil prices and low rupee have led to Jet's current financial situation. Mismanagement also affected the airline.
Analysts explain the beginning of Jet's financial problems since it was bought in 2006 from Air Sahara for $ 500 million in cash.
Goyal, an entrepreneur turned travel agent, launched Jet in 1992 after the Indian government adopted a series of reforms designed to make the economy more market-driven.
The Mumbai-based carrier quickly gained a reputation for introducing new initiatives – Jet was the first Indian airline to offer a loyalty program and in-flight entertainment.
But it started to suffer from the new, well-run low-cost airlines, including IndiGo, GoAir and SpiceJet, which were created between 2005 and 2006.
Kingfisher Airlines, another low-cost carrier, closed in 2012 after failing to repay multi-million dollar loans to state-owned banks. Its owner, Vijay Mallya, fled India in 2016 and is currently fighting in a London extradition court against his deportation for facing a financial fraud lawsuit.