GoAir in restructuring mode, CEO's resignation part of process

Mumbai: Low-cost carrier GoAir's CEO Edgardi Badiali has resigned from his post, making it the second incident of resignation of a high-ranking official in the airline in as many months.
Last month, GoAir Chief Financial Officer G P Gupta quit the airline to join rival carrier SpiceJet.
"Go Airlines has made a restructuring change. The Board decided unanimously that a change in the senior leadership position was necessary, which has resulted in the departure of CEO Edgardo Badiali and CFO G P Gupta," GoAir Managing Director Jeh Wadia said in a statement here.
The decision (effecting a change at the senior leadership) was planned and strategic, Wadia said.
Badiali was not available for comments. Badiali was appointed GoAir CEO in January 2008, shifting from Italian low-cost air-carrier My Air. He has also served with Swiss Air and Jet Airways.
06/04/09 PTI/Economic Times

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Categories: GoAir Apr 2009