June 17th, 2013 by Victoria
Apollo Aviation Group has appointed Pascal Picano as Head of Marketing, with overall responsibility for acquisitions, remarketing and sale of aircraft and engines within the firm’s portfolio. He will also be responsible for the management of the marketing team and for all aviation assets on lease. Picano is based in Apollo’s Dublin office, headquarters for the firm’s origination activities.
William Hoffman, Apollo Aviation’s Chairman said: “We’re delighted to welcome Pascal to our team. He has significant expertise in deal origination and the structuring of financing transactions for both new and vintage aircraft. With over 20 years’ experience spent in North America, Asia, and Europe, he brings a wealth of global aviation knowledge which will be invaluable, not only for Apollo but also our partners and clients.”
Prior to joining Apollo Aviation, Picano was with International Lease Finance Corporation and has previously held a number of senior roles with Sumitomo, GA Telesis and SR Technics.
Picano holds a Masters Diploma in International Business and Administration from the Institut Supérieur de Gestion in Paris and an International Finance Diploma from UC Berkeley in California. He is also a member of ISTAT (International Society of Transport Aircraft Trading).
June 14th, 2013 by Victoria
Gary Toomey, the former chief executive of Air New Zealand-Ansett, has been selected as chief executive of Jet Airways.
Toomey, who has been chief executive of Papua New Guinea carrier Airlines PNG since June 2009, replaces Nikos Kardassis.
June 14th, 2013 by Victoria
Spirit Airlines chief marketing officer and executive vice president Barry Biffle has resigned to become chief executive of a new lost-cost airline serving domestic routes in Colombia.
Biffle served as chief marketing officer since February 2005. From 2003 to 2005, he was managing director of marketing at US Airways Group Inc. (LCC), where he was responsible for the frequent-flier program, US Airways Vacations and product development.
June 13th, 2013 by Victoria
LATAM Airlines Grouphas appointed Andres Osorio as its new Chief Financial Officer, who will replace Alejandro de la Fuente, who has held this position for the last 18 years, in August. Osorio, together with his team, will have the challenge of leading the financial and Investor Relations areas of one of the largest airline groups in the world.
Osorio holds a Business degree from the Catholic University of Chile and has over 20 years of experience leading financial areas in companies such as Cencosud, where he was CFO for 7 years, and Metrogas, among others. He has also been CEO of Empresas Indumotora, a Chilean automobile conglomerate, and is currently a partner at PricewaterhouseCoopers in Chile.
June 12th, 2013 by Victoria
On June 10, 2013, Richard Schifter notified Republic Airways Holdings of his intent to resign from his position on the Board of Directors of the Company effective upon consummation of the merger of US Airways Group Inc. and AMR Corp.
June 11th, 2013 by Victoria
AMR Corporation, the parent company of American Airlines, Inc., and US Airways Group, has officially announced the members of the Board of Directors of the combined company, American Airlines Group.
As previously announced, the Board of Directors will be comprised of twelve members. Thomas Horton, chairman, president and chief executive officer of AMR will serve as Chairman of the combined airline’s Board of Directors through its first annual meeting of shareholders. Doug Parker, chairman and CEO of US Airways Group, will serve as Chief Executive Officer and a member of the Board of Directors. Mr. Parker will assume the position of Chairman of the Board following the conclusion of Mr. Horton’s service.
In addition to Horton and Parker, the Board will be comprised of the following individuals:
• John T. Cahill, Lead Independent Director
• James F. Albaugh
• Jeffrey D. Benjamin
• Michael J. Embler
• Matthew J. Hart
• Alberto Ibarguen
• Richard C. Kraemer
• Denise M. O’Leary
• Ray M. Robinson
• Richard P. Schifter
Scott Kirby will be made President of the newly merged airline. Elise Eberwein: Executive Vice President, People and Communications. Bev Goulet: Chief Integration Officer. Robert Isom: Chief Operating Officer and Chief Executive Officer of US Airways, Inc. post-close. Steve Johnson: Executive Vice President, Corporate Affairs. Derek Kerr: Chief Financial Officer. Maya Leibman: Chief Information Officer. Will Ris: Senior Vice President, Government Affairs.
Kirby, Eberwein, Isom, Johnson and Kerr will join the new American from US Airways. Goulet, Leibman and Ris join from American.
American Eagle president and CEO Dan Garton will step down later this year. A successor will be made prior to his departure.
June 11th, 2013 by Victoria
Fastjet’s executive chairman David Lenigas has stepped down with immediate effect on June 10, and will be replaced by CEO Ed Winter on an interim basis.
Lenigas is leaving the post to concentrate on his other business ventures.
“This is a time of transition for Fastjet both operationally and in terms of shareholder structure as its major shareholder, Lonrho, is likely to have a new owner in the coming weeks as a result of the current offer for Lonrho,” said Lenigas. “It therefore seems to be a good time for me to step down to pursue my other interests and hand over the reins as Fastjet moves to the next stage of growth.”
FS Africa, representing a group of Swiss investors, agreed last month to take over Lonrho for £175 million.
Lenigas served as Executive Chairman of London listed Lonrho Plc from 2006 to September 2012 and has been chairman of Lonrho Plc’s aviation division (which includes Fly540) since its inception in 2006.
June 7th, 2013 by Victoria
Three senior executives at Kingfisher Airlines have resigned. Chief information officer Saurav Sinha, flight operations head Capt Ronald Nagar and cabin crew head Ajit Bhagchandani have all resigned. The news comes as employees of the airline threaten to restart protest over continued non-payment of salaries for 10 months.
Kingfisher pilots are planning to revive their agitation over non-payment of salary with a meeting in Mumbai planned for Monday to set out their next moves.
June 7th, 2013 by Victoria
Allegiant Travel Company has announced the retirement of Kris Bauer, Senior Vice President of Operations. Bauer will officially step down September 1, but will continue to work for Allegiant in a part time role on special projects, allowing him to be removed from day-to-day operations but still be involved with the company’s strategic planning and high-level execution.
“Despite our best efforts to convince him otherwise, Kris has decided that this is the right time for him to step down and enjoy an early retirement,” said Andrew C. Levy, Allegiant President. “We are grateful for his many contributions and look forward to his continued contributions in his new role.”
During Bauer’s three year tenure at Allegiant, the company went from an average fleet of 48 aircraft serving 138 routes to an average fleet of 63 aircraft serving 198 routes. His leadership, drive and vision allowed the company to scale its operations to successfully meet the company’s growth and position it for future success.
No replacement has been named. The company has retained an international executive search firm to identify a replacement. Bauer will also actively participate in finding a successor.
May 23rd, 2013 by Victoria
Indian media is reporting that the former chief financial officer of Qantas Airways, Gary Toomey, is in line to take over from Nikos Kardassis as CEO of Jet Airways following Etihad Airways’ acquisition of a 24% stake in the India airline.
None of the parties concerned have confirmed the rumours however.