- GoAir which is owned by the Wadia Group on Friday said it has named former Jet Airways (India) Limited executive Vinay Dube as the GoAir CEO.
GoAir which is owned by the Wadia Group on Friday said it has named former Jet Airways (India) Limited executive Vinay Dube as the GoAir chief executive (CEO).
“As the CEO, Vinay will report to the Chairman, Managing Director, and Board. He will be responsible for managing the airline and also fulfilling the company’s priorities and long-term growth targets,” the airline said in a statement.
Vinay Dube held the position of CEO at Jet Airways in the last couple of tumultuous years before its shutdown. Due to an acute fund shortage, the airline created by Naresh Goyal was grounded last year during April.
“I welcome Vinay into the family of GoAir. GoAir will benefit from its experience in leading companies with more than 20,000 employees and consistently delivering margin expansion, revenue growth and operational excellence while building world-class customer service services and employee engagement, “said Jeh Wadia, GoAir’s managing director in a statement.
The airline operated by the Wadia group operates more than 325 flights per day to 35 destinations in India and abroad. The imminent challenge for Dube would be to streamline operations, open new markets and retain margins intact as airlines engage consumers in price wars.
The airline has faced difficulty in recent weeks due to delays in aircraft and spare engine deliveries resulting in flight cancellations. Due to weakness in its crew rostering unit, the airline was forced to cancel flights around New Year Eve too.
Recently, Go Air faced a lot of trouble due to grounding of airbus A320Neo aircraft and spare engine unavailability.
The airline said it was forced to “temporarily suspend some flights that are part of its network.” It did not specify the number of canceled flights, but sources said it would limit 20-30 flights per day. GoAir conducts more than 325 journeys a day.
Earlier, Vinay Dube was hired in an advisory role by the budget carrier GoAir. Dube had departed Jet Airways on May 14, almost a month after a serious liquidity crisis forced the airline to cease operations.
Jet Airways Stopped its operations on April 17, 2019 lack of cash to stay afloat and failing to raise more funds. The acute crunch has seen a slew of its top executives and also board members left the airlines in recent months. Moreover, In April former chief election commissioner, Nasim Zaidi also quit his position as a non-executive and non-independent director. The board stated ‘Personal reasons’ and ‘time constraints’.
Hiring Vinay Dube will fill the vacant CEO of Position of Go Air after Cornelis Vrieswijk, resigned from his post mere 9 months after joining given his family issues.