Wadia group-owned no-frills airline GoAir on Monday announced that its managing director Jeh Wadia has stepped down from the position. The airline, however, said that Wadia will continue as a promoter. It also announced the appointment of aviation industry veteran Ben Baldanza as vice chairman at the carrier. Baldanza has been an advisor to the company since 2018 and director since 2019.
Bombay Realty, a unit of the Wadia group, recently launched a residential project in Mumbai. The company is looking at more projects in Mumbai and Bangalore. Managing Director Jeh Wadia talks about the company's strategy.
Britannia Industries Ltd on Thursday said it has appointed Jeh N Wadia and Emmanuel Faber as additional directors on the board of the company. \n
Stars dazzle on the January issue of Hello magazine.
Most group firm MDs will report to Nusli Wadia's younger son.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
GoAir Managing Director Jeh Wadia is ecstatic. Eight months after ordering 72 Airbus A320 Neos worth over $7 billion (Rs 32,400 crore), he has signed an all-important engine deal for these planes.
As many as 17 Indians -- including Wadia Group chairman Jeh Wadia, SKS Microfinance CEO Vikram Akula, Bhatia Enterprises chairman Sabeer Bhatia, music composer A R Rahman, and sitar player Anoushka Shankar -- have been named the Young Global Leaders for 2008, in a list announced by the World Economic Forum on Tuesday. As many as 245 leading executives, public figures and intellectuals -- all aged 40 or younger -- were chosen from around the world by the WEF.
Edgardo Badiali has been appointed CEO of Wadia-promoted GoAir.
The CEOs met late last month to discuss the agreement. Industry experts said one advantage would be the fact that GoAir was looking at increasing its fleet to 20 aircraft by 2011. "If SpiceJet acquires the airline, it will gain access to slots for the aircraft orders which it can sell," said an industry expert. Selling order slots has emerged as a lucrative revenue stream for several Indian airlines that are feeling the pinch of falling passenger traffic.
The government should allow private airlines to outsource services like security, ground-handling and engineering to enable them become cost effective, Go Air managing director Jeh Wadia said in Mumbai on Thursday.
GoAir on Monday said it plans expansion and has ordered 20 A320 aircraft .
Indian companies are gearing up to Valentine's Day with offers and gifts for the customers.
GoAir has launched GoFlexi fare plan, which entails lesser flight cancellation charges and no rescheduling fees.
The carrier, which is owned and promoted by Jeh Wadia, has been valued at $314-400 million by private equity investors. At 28 per cent, the value of the proposed investment is expected to be $88-112 million.
GoAir has signed an agreement with Airbus Industrie toacquire 10 A-320 aircraft with an option of purchasing 10 more, intending to expand its route network in the next few months.
The Wadia family-promoted budget carrier GoAir on Wednesday said it has placed an order worth $1.2 billion with Toulouse-based Airbus Industrie to buy 20 Airbus 320 aircraft as part of the airline's fleet expansion programme.
Budget carrier GoAir on Tuesday said it has placed orders for purchase of 20 Airbus A320 aircraft to add to its current fleet of five.
Many argue that the airline could achieve its full potential if Nusli Wadia were to run it the way he does Britannia.
The selection gives a boost to the US engine firm, which lost out to rival manufacturer CFM International for IndiGo's 280 aircraft engine order in June.
For Jet's revival, Mr Jalan should be on the scene long enough for everyone to get to know him, appreciate his skills, and not vanish into thin air within a matter of months or even weeks, observes Anjuli Bhargava.
He is nominated to the investment, innovation and audit committees.
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