Automobile

Delayed salaries, grounded planes, high attrition: where is Go First headed?

By Eduardo Saverin

All eyes will be on Go First chairman emeritus Nusli Wadia as his airline is stuck in an air pocket while former friend Ratan Tata’s Air India is on an expansion spree; collage by Sadhana Saxena

Synopsis

When Go First was planning an IPO, it said it had a story to sell. A year later, the story seems to have more to do with tough challenges. As competition intensifies with the entry of new players, can Go First turn around its fortunes?

Around the same time last year, Go First’s top management had held an investor call ahead of the budget airline’s planned listing on the stock exchanges. Those present over the call were its CEO Kaushik Khona and chairman Varun Berry, among others. A few minutes into the call, to everyone’s surprise, the airline’s owner and chairman emeritus Nusli Wadia made an entry. “It was unexpected. He talked about what he thought of the business and

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Eduardo Saverin