"Vinay Dube has ceased to be in the employment of GoAir with immediate effect and hence ceases to be the CEO of the company.
"The Nominations & Remuneration Committee and the Board met today and have appointed Kaushik Khona as CEO with immediate effect," GoAir said in the statement on Friday.
GoAir said that his corporate professional experience had also served the Wadia Group for almost four years from 2008 to 2011, including as the airline's CEO.
Dube joined GoAir as an advisor in August 2019 and was elevated as the CEO in February 2020. Prior to him, former Easyjet executive Cornelis Vrieswijk was at the helm and quit in February 2019. For the one-year period starting from February 2019, the airline's promoter Jeh Wadia officiated as the CEO.
Vrieswijk was brought in to head the airline in 2018 after its then CEO Wolfgang Prock-Schauer joined bigger rival IndiGo as its Chief Operating Officer.
In July, GoAir flew 79,000 people and accounted for 3.8 per cent of the total domestic air passenger traffic.
"After his successful stay at Wadia Group, he has also turnaround several businesses at Dunlop tyre group including at diverse geographies in Germany, UK and India. He also successfully carried out extensive corporate restructuring for a shipping venture and a financial and business restructuring for a German-India JV in renewable energy," the statement said.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.