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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With the cash-strapped carrier suspending operations, the Indian airline sector seems to be rapidly moving towards a duopoly that offers flyers fewer choices and higher prices.
In 2021, a small but well-run Go First came out of COVID-19 battered but spirited with plans for a Rs 3,600 crore initial public offering that was going to help reduce debt. However, multiple factors combined to continually delay the IPO, which could have proved a lifeline for the Wadia Group airline.
Earlier this month, the beleaguered airline filed for voluntary insolvency with an aim to restructure its debt and liabilities so that it could resume operations. Go First had been struggling ever since half its fleet was grounded because of engine issues. As of 28 April, it owes creditors …
As the low-cost carrier pushes through a compensation overhaul, the absence of a CEO is complicating a delicate moment.
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
