Read more about Go Air IPO puts spotlight on Wadia Group stocks. Here s a chart check on Business Standard. Except Bombay Dyeing and Manufacturing Company, all other Group stocks are seeing downside pressure
Wadia Group-controlled airline GoAir has rebranded itself as Go First, the company announced on Thursday.
The purpose of rebranding the 15-year-old airline is “to fully embrace the ultra-low-cost airline model” to gain an advantage over its peers.
The carrier is aiming at young travellers with the rebrand. To communicate this change, Go First is also revamping the brand identity.
“As young India changes the way it travels, seeking speed, convenience, and yet demanding value, Go First is determined to be part of the socio-economic momentum to chart its next phase of growth,” the airline said in a statement.
“With this change, Go First is poised for its next phase of growth as an ultra-low-cost carrier. The Airline is in the process of transitioning all its operations under this new brand,” it said.
Jeh Wadia, whose term expired on March 31, has held the position since April 2011. In keeping with the objective of professionalisation of the management, Jeh Wadia, MD of The Bombay Dyeing and Manufacturing Company Ltd has stepped down and will not be renewing his contract as Managing Director of the company which has expired on March 31, 2021, the company said in a regulatory filing. It further said CEO Suresh Khurana and CFO Hitesh Vora would look after the day-to-day management and work under the supervision of Minnie Bodhanwala, a Director of the company. Besides, the Strategic Committee of the board of directors of the company comprising its Chairman Nusli N Wadia and independent directors
GoAir to relocate domestic flight operations at Mumbai to T1
GoAir recorded a load factor of 64.9% during January
(REUTERS)
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NEW DELHI: No-frills carrier GoAir will shift its entire domestic flight operations in Mumbai to Terminal 1 (T1) from 10 March. All international flight operations of the airline in the city will take place from Terminal 2 (T2), the airline said in a statement.
The Wadia Group-controlled airline said it will continue to carry out the enhanced cleaning procedures to ensure the health and safety of its customers and employees.
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