Friday, August 14, 2020

GoAir loses yet another CEO; Vinay Dube quits

New Delhi: Wadia Group budget airline, GoAir, has lost yet another CEO with Vinay Dube quitting from this position. The former CEO of grounded Jet Airways was given the same designation at GoAir this February but now he too has quit. GoAir has over 70% of its staff on leave without pay since April and is operating only a handful of flights. Its domestic market share in July, 2020, according to DGCA data, was mere 3.8%.

In a statement, GoAir said: “Vinay Dube has ceased to be in the employment of GoAir with immediate effect and hence ceases to be the CEO of the company… (airline has now) appointed Kaushik Khona as CEO with immediate effect.” Incidentally, Khona was GoAir CEO for over two years from April 2009 after which he left the Wadia Group.

GoAir has seen several resignations in past few months. The airline was recently put on cash-and-carry by Airports Authority of India because of mounting dues.

In February, 2019, GoAir had lost yet another CEO with C Vrieswijk resigning in February 2019. Incidentally, Vrieswijk had come in place of another aviation veteran Wolfgang Prock-Schauer who had served as Jet Airways CEO in 2009. Prock-Schauer had quit GoAir to join IndiGo, where he is now president-cum-COO. Dube was the second ex-Jet CEO to join GoAir in a similar role. GoAir has had a relatively high attrition rate for top management positions.
14/08/20 Saurabh Sinha/Times of India
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