Jeh Wadia steps down as MD; Ben Baldanza appointed vice chairman amidst IPO buzz
Wadia group-owned GoAir Monday said Jeh Wadia has stepped down as airline’s managing director but will continue as its promoter.
The airline didn’t elaborate reasons. It said it has appointed veteran Ben Baldanza as vice chairman.
This shuffle comes amidst buzz that GoAir is mulling an IPO. The airline has in several instances in the past planned a maiden share sale but it hasnt fructified yet.
