 "GoAir")
Wadia Group-promoted GoAir is witnessing a change in the management as the airline is unlikely to renew the contract of its Chief Executive Officer (CEO) Wolfgang Prock-Schauer that expires in June next year.
The non-renewal of the contract could come as a surprise to many in the aviation industry, as he was promoted to the position of managing director last year and was overseeing the launch of international operations. Under his tenure, the airline has remained consistently profitable. It clocked a profit of more than Rs 300 crore in FY17.
After the CEO leaves, Chairman and Managing Director Jehangir Wadia
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