- Vinay Dube had departed Jet Airways on May 14, almost a month after a serious liquidity crisis forced the airline to cease operations.
- GoAir wanted to hire him for the CEO role, which has been vacant since March this year, according to the report.
Former Jet Airways Chief Executive Officer (CEO), Vinay Dube, joined in an advisory role to budget carrier GoAir, a source said on Saturday.
Dube had departed Jet Airways on May 14, almost a month after a serious liquidity crisis forced the airline to cease operations.
GoAir wanted to hire him for the CEO role, which has been vacant since March this year, according to the report.
“But, since the Ministry of Corporate Affairs in the case of Jet Airways has given a look-out notice against him, it (the decision) would have been in a legal tangle. Therefore, in an advisory role, he joined GoAir, “the source said.
Last week, the source added, Dubey boarded the Wadia group-promoted carrier.
Lookout circulars were issued at the end of May against former Jet Airways chairman and then, among others, promoter Naresh Goyal and Dube for alleged financial irregularities on the airline.
The circular is provided against a person who orders immigration authorities not to leave India via an airport or seaport.
Vinay Dube has joined Jet Airways in August 2017, previously Dube had varied roles at Sabre, Delta Airlines Inc and American Airlines. Before Jet Airways, Vinay Dube was the senior vice president for the Asia Pacific at Delta Airlines.
Jet Airways Stopped its operations on April 17, 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’.
Go Air saw Cornelis Vrieswijk, resigning from his post a mere 9 months after joining. Mr. Vrieswijk was hired in June 2018. To be fair, during all stages of negotiations and meetings, the former CEO had made it clear that he’d like to operate out of Amsterdam. At the time, GoAir had complied with his wishes, though the airlines had done nothing to follow up. As his family does not want to live in Mumbai, Mr. Vrieswijk has resigned from his post so that they can all move back.
Since then, their Managing Director, Mr. Jeh Wadia, has been discharging all the additional responsibilities of the CEO.