Monday, January 22, 2007

GoAir ropes in ex-Spicejet CEO in top-deck reshuffle

GoAir, the Wadia-group promoted airline, has roped in former SpiceJet CEO Mark Winders as the executive director. The airline is expected to bring in a few new professionals to the management. "We have appointed Mark Winders as the executive director," said Jeh Wadia, managing director, GoAir.
Aviation industry sources said that the airline may see a major reshuffle at its top-deck with the appointment of a new chief commercial officer and chief financial officer. Sources said that a senior executive from a leading FMCG company is set to join the airline.
The move comes at a time when the airline is planning to sell 20-26% stake to a strategic investor. The airline is in negotiations with a few short listed investors. The buzz is that short listed players include investment arm of the Abudhabi Government.Global investment bank Morgan Stanley is the banker for the stake sale.
21/01/07 Hindustan Times