Thursday, October 21, 2021

Why Nusli Wadia has to take charge of Go First at 77?

The newly refashioned Mumbai-headquartered ultra-low-cost (ULC) airline Go First’s reputation precedes itself. Industry folklore is that CEOs in Go are always ready to go—at least nine people have been brought to steady things but all left on less than happy terms.

Now, the carrier is about to set out on a new and unique precedent. In most family-run businesses in India and globally, the next generation replaces the older one and the baton is passed from father to son or daughter. In Go First, the reverse is about to happen.

On Monday, 25 October 2021, Nusli Wadia—the 77-year-old patriarch and chairman of the Wadia group—is all set to take charge of affairs at the beleaguered carrier, according to sources. This is after one son (Jehangir Wadia) was unceremoniously offloaded and the other (Ness Wadia) has not been representing Go Air in any industry meetings since September. Nusli Wadia finds himself in charge of a rocky boat in a stressed aviation scenario. Go First did not respond to at least three questionnaires sent at different points for the story. Emailed queries sent to the founders and senior management on this and other issues failed to elicit any response.

21/10/21 Anjuli Bhargava/Fortune

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