Vinay Dube has quit GoAir with immediate effect just six months after he had taken over as the Chief Executive Officer. Dube, who was earlier the CEO of Jet Airways, was appointed as the CEO of GoAir in February.
While the company did not give any reason for Dube’s quick exit, sources said that there were differences between him and the Wadias on the future strategy for the cash-strapped airline.
The earlier CEO Cornelis Vrieswijk had quit last year just nine months into the job.
Kaushik Khona has been appointed as the CEO of the Wadia Group owned airline. Khona was the CEO of GoAir from April 2009 to June 2011.
Khona’s experience in turning around several businesses at Dunlop tyre group, extensive corporate restructuring for a shipping venture and a financial and business restructuring for a German-India JV in renewable energy space could help him deal with the troubles being faced by GoAir. The airline was recently put on cash and carry mode by the Airports Authority of India after it failed to clear past dues.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.