GoAir going through management changes as executives quit; De Roni renews contract

Apr 09 2014, 18:47 IST
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Low cost airline GoAir is going through a change in its top management, according to sources familiar with the matter. Reuters Low cost airline GoAir is going through a change in its top management, according to sources familiar with the matter. Reuters
SummaryJehangir Mehta quit GoAir in January, while CCO Girish Nair is slated to leave soon.

Low cost airline GoAir is going through a change in its top management, according to sources familiar with the matter.

Jehangir Mehta, Vice President Inflight and CRM at the airline, has quit the airline in January, while the chief commercial officer of the airline, Girish Nair, is slated to leave the airline soon.

Both Mehta and Nair has cited 'personal reason' for quitting the airline.

Meanwhile, the airline's chief executive officer Giorgio De Roni, whose contact was to expire in May, has renewed his contact with the airline, the source added.

FE couldn't however ascertain the tenure of his new contact.

GoAir recorded a profit of Rs 104.34 crore in FY13 against Rs 133.72-crore loss in the previous year, on the back of changes in accounting policies with respect to aircraft lease rentals. De Roni had earlier in an interview to FE told that he is confident that the airline will post a profit for financial year 2014.

The Indian airline industry which is suffering from high jet fuel prices, low seat demand and other mounting expenses have seen several management reshuffle in the past couple of months. SpiceJet revamped its senior management team last year after it went on to hire former Bain & Company consultant Sanjiv Kapoor as its chief operating official, while also hiring former Air Asia executive Kaneswaran Avili as chief commercial officer and R Neelkantan as chief financial officer. The position of CEO at the airline is however currently lying vacant.

Meanwhile, Jet Airways also saw its long serving veterans like Sudheer Raghavan, KG Vishwanath, R Gopalakrishnan and Gary Toomey leave in the last couple of months.

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