Auto Components News

Go First: As Go First lands head first in a crisis, what happens next to cash-rich Wadias’ broke airline?

Go First was launched as GoAir by Jeh Wadia, 49, who has since stepped down from the Wadia Group leaving the full control to father Nusli Wadia, 89.


Go First joins the league of Jet Airways in the hangar which has been languishing to take off since 2019. Though the airline would want to iron out things, it doesn’t look like it may have much financial support. Other airlines are ready to grab the spoils. Besides, how will Go First’s exit from the market impact the passenger?

About three years back when Kaushik Khona had just taken over as Go First’s CEO, someone went up to him and out of curiosity asked him: how did he agree to take over this challenging role at the Mumbai-based budget airline? After all, Go First is known for its high churn rate at the top, seeing as many as seven CEOs leave in over a decade and a half of its existence.But Khona, an old finance hand who had worked at Nusli Wadia’s Wadia Group

  • SAVE

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Read this story for free.

Unlock your 30 days free access to ETPrime now.

Login to unlock

*No card details required.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

  • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

Source link