GoAir CEO Giorgio De Roni quits on health grounds
The Wadia Group-promoted budget carrier GoAir Chief Executive Giorgio De Roni has quit the carrier, citing health reasons, sources said.
By ET Bureau | Updated:
MUMBAI: Budget carrier Go Air's CEO Giorgio De Roni has put in his papers after a stint of 4 years with the airline, a senior executive said. The executive, who didn't want to be named, cited health reasons.
""He had been keeping unwell and had been travelling back home often," said the executive.
De Roni was the airline's longest serving CEO. He kept the airline's size the smallest in the industry improved its finances, bringing it to net proftability in the last two years. Go Air posted a net profit of Rs 104 crore in 2012-13 which slid to Rs 5 crore in the next year.
Under him in 2011, Go Air ordered 72 Airbus A320 neo planes.
De Roni took over from Kaushik Khona who was brought in from Bombay Dyeing to lead Go Air after its previous CEO Edgardo Badiali quit in 2009.
""He had been keeping unwell and had been travelling back home often," said the executive.
De Roni was the airline's longest serving CEO. He kept the airline's size the smallest in the industry improved its finances, bringing it to net proftability in the last two years. Go Air posted a net profit of Rs 104 crore in 2012-13 which slid to Rs 5 crore in the next year.
Under him in 2011, Go Air ordered 72 Airbus A320 neo planes.
De Roni took over from Kaushik Khona who was brought in from Bombay Dyeing to lead Go Air after its previous CEO Edgardo Badiali quit in 2009.
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