Former Jet Airways CEO Wolfgang Prock-Shauer To Head GoAir

01/06/2015 12:57 PM IST | Updated 15/07/2016 8:25 AM IST
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INDRANIL MUKHERJEE via Getty Images
MUMBAI, INDIA: Jet Airways CEO Wolfgang Prock-Schauer listens to a question at a press conference in Mumbai 06 June 2005. India's largest private airline, Jet Airways, delayed its plans to start flights to the United States pending regulatory approvals from the Indian and the US governments amid allegations of links with top underworld don Dawood Ibrahim and the Al-Qaeda. Jet Airways, which began flying in 1993, now holds the lion's share of the Indian domestic market with a 45 percent share, ahead of Indian Airlines and the rest of the competition which includes Air Deccan, Air Sahara and newcomer Kingfisher Airlines. AFP PHOTO/ Indranil MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

Indian budget carrier, GoAir, today announced Wolfgang Prock-Shauer as Chief Executive Officer, after the last CEO quit citing health reasons in March.

Prock-Shauer has had prior India experience — he was the CEO of Jet Airways from 2003-2009 when the airline acquired Air Sahara and commenced international operations. Later he headed Air Berlin, the German budget airline.

The airline also said in a statement that its operating revenue rose 21 per cent in the previous fiscal on the back of a 13.2 per cent growth in passengers. That comes after a troubled 2014, when its net profit plunged 95 percent from the year before.

GoAir chairman Jeh Wadia has been managing the running of the airline since March, after previous CEO Giorgio De Roni quit after four years in the role.

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