GoAir announced it has appointed Kaushik Khona as Chief Executive Officer (CEO). Khona will replace industry veteran Vinay Dube who took charge as CEO in February. Prior to this role, Dube was the CEO of Jet Airways.
“The Nominations & Remuneration Committee and the Board met today and have appointed Kaushik Khona as CEO with immediate effect,” GoAir said, “Dube has ceased to be in the employment of GoAir with immediate effect and hence ceases to be the CEO.”
Khona brings with himself more than 32 years of corporate experience and all at CXO level. He was with the Wadia Group for almost 4 years from 2008 to 2011. He was the CEO of GoAir for two years, from April 2009. Khona was also Vice President, corporate finance and strategist for the Wadia Group.
“After his successful stay at Wadia Group, he has also turnaround several businesses at Dunlop tyre group including at diverse geographies at Germany, UK and India,” Go Air said in a statement. “He also successfully carried out extensive corporate restructuring for a Shipping Venture and a financial and business restructuring for a German – India joint venture in renewable energy,” the company said.
Prior to this role, Khona worked as a partner to MTalati & Talati LLP, a leading the consulting, business reengineering and finance consulting practice at the firm.
The news came after the Airports Authority of India (AAI) put the airline on a cash and carry mode from 11 August. “The competent Authority has approved to put the operation of M/s Go Air on cash & carry basis out of all AAI Airports w.e.f. 0001 hrs. of 11th August 2020,” the circular said. AAI earlier asked no-frill carrier GoAir to clear its unpaid dues of about ₹50 crore.
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