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Synopsis
When Go First was planning an IPO, it said it had a story to sell. A year later, the story seems to have more to do with tough challenges. As competition intensifies with the entry of new players, can Go First turn around its fortunes?
Around the same time last year, Go First’s top management had held an investor call ahead of the budget airline’s planned listing on the stock exchanges. Those present over the call were its CEO Kaushik Khona and chairman Varun Berry, among others. A few minutes into the call, to everyone’s surprise, the airline’s owner and chairman emeritus Nusli Wadia made an entry. “It was unexpected. He talked about what he thought of the business and
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