February 10, 2021
Multiple sources said that Vinay Dube and Praveen Iyer have decided to explore the possibility
Erstwhile Jet Airways CEO, Vinay Dube and Senior Executive Praveen Iyer are planning to launch a new low-cost-carrier.
Multiple sources said that Dube and Iyer have decided to explore the possibility of launching a new low-cost-carrier in India. Sources close to the development said that the conversations were “premature but, firm.”
“The duo have started working on a roadmap for the airline, they plan to launch the airline before the end of next fiscal,” said one of the people.
Dube was the CEO of Jet Airways before it was grounded in April 2019, and at the same time, Iyer was a Senior Executive. Post their stint at the debt-strapped airline, both were hired in the top management as CEO and CCO respectively in GoAir. However, both quit in less than a year.