Automobile

An INR3,000-crore question: Will Go First fly again?

By Eduardo Saverin

Go First has been grounded since May 2nd, joining the league of bankrupt Jet Airways, with its 56 planes parked at airports across India; image credit: Go First

Synopsis

If Go First is not quickly towed back onto the runway from the current mess, or the legal proceedings drag on like in the case of Jet Airways, banks may end up spending thousands of crores just to keep the grounded airline alive.

In a bid to push everyone to work harder, India’s second largest low-cost airline, Go First, used to hold weekly reviews led by its promoter Nusli Wadia or chairman Varun Berry. Some management executives got so tired of these ‘gruelling sessions’ that they requested Go First’s CEO Kaushik Khona to space them out. “We had to tell him that it had become too much of a review. Things don’t change a lot on a weekly basis. How much can sales, cash

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12 mins read, Last Updated:

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Eduardo Saverin