India, 14 August, 2020: Vinay Dube has ceased to be in the employment of Go Air 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.

About Mr. Kaushik Khona – FCA., FCS., FCMA., DBF., M.COM, LLB (Spl), DTP.

He brings with him more than 32 years of Corporate Experience and all at CXO level. He is a fellow CA, fellow CS, Fellow CMA and was rank holder at Inter and Final CA, at Final CS and was Gold Medallist at Final year B Com. He is also a qualified Resolution Professional and qualified as Independent Director.

In his professional corporate experience spanning 32 years, he was always part of the Management think tank and since last more than 12 years he has been known as turnaround man and has managed and headed various businesses successfully as a CXO.

During his corporate professional experience, he had already served The Wadia Group for almost 4 years from 2008 to 2011. During that period, he was appointed as the CEO of GoAir from April 2009 to June 2011.

After his successful stay at Wadia Group, he has also turnaround several businesses at Dunlop tyre group including at diverse geographies at 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. He was at Mumbai for a period of 10 years+ during 2008 to 2017 before returning to Ahmedabad for a COO role at a well-known corporate group at Ahmedabad. Since then he joined as partner to M/s. Talati & Talati LLP leading the consulting, business reengineering and finance consulting practice at the firm.

Mr. Khona started his professional journey in 1989 at Ahmedabad and served for first 5 years at Vadilal Icecream group and then 14 years at Gujarat Ambuja Exports group before shifting to Mumbai in 2008.

For further queries, please contact:

Ratnadeep N Sur

General Manager – Corporate Communications & PR

GoAir

Handheld: + 91 9967720143/9930097185

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