NEW DELHI :
Wadia Group-owned budget airline GoAir is set to lose its chief financial officer (CFO) Sanjay Gupta, the latest in a string of senior officials who have left the budget airline in the past 15 months, a senior airline official who did not want to be named said on Tuesday.
Gupta, who joined the airline in March 2019, is serving his one-month notice period and is expected to leave the airline by the end of October, the official said, adding that the CFO has resigned over performance-related issues.
Gupta also could not be contacted immediately.
This comes at a time when GoAir is preparing for an initial public offering (IPO). Mint reported on 27 June that the airline has revived plans for an IPO and is looking to hire advisors. GoAir has alsograppled with problems concerning the Pratt & Whitney engines on its Airbus SE A320neo aircraft in the past year.
The CFO, a chartered accountant, has earlier worked with Hindustan Unilever Ltd., Unilever Asia, Lifestyle International Pvt Ltd, and StarAgri Warehousing and Collateral Management Ltd. His LinkedIn profile states that he has 26 years of experience in finance, supply chain, and commercial functions in India and overseas. Prior to joining GoAir, Gupta was the CFO at Kolkata-based Emami Agrotech Ltd.
Gupta’s departure would add to the list of at least 15 senior officials who have left GoAir in the past 15 months, including chief executive officer (CEO) Cornellis Vriewijk who quit the airline in February 2019 within nine months oftaking charge. The list also includes chief operating officer (COO) Jyri Strandman, who left in October 2018. Several vice presidents, departmental heads and general managers, have also left. Chief commercial officer (CCO) Manish Ranega left the airline in August 2018.
Several other GoAir officials from the marketing, finance and asset management departments subsequently left the airline.
GoAir hired former Airbus and Rolls Royce executive Miranda Mills as its COO in July 2019. However, it has yet to hire a person as CEO.