In the latest series of management changes circulating the aviation industry, IAG announced that British Airways' Alex Cruz will step down as CEO but will remain as the airline’s non-executive chairman. Cruz, who took the job in April 2016, will be replaced by Aer Lingus CEO Sean Doyle. The latter has spent the last 2 years as chief executive of the Irish flag carrier, and will transition as chairman, IAG noted. IAG’s CEO Luis Gallego, who joined the airline group last month, made the … [Read more...] about IAG rotates senior management as British Airways CEO Cruz makes exit
Aer Lingus
Andres Conesa named IATA chairman
The International Air Transport Association (IATA) announced that Andres Conesa, CEO of Aeromexico, has assumed his duties as chairman of the IATA Board of Governors for a one-year term, effective immediately. He is the first Mexican to hold this position. Conesa succeeds Calin Rovinescu, CEO of Air Canada, whose one-year term expired at the conclusion of the Association’s 71st Annual General Meeting (AGM) and World Air Transport Summit in Miami, Florida. Rovinescu will continue to … [Read more...] about Andres Conesa named IATA chairman
Govt’ gives green light for Aer Lingus stake sales
The Irish parliament gave International Consolidated Airlines' (IAG) bid for Aer Lingus the final go-ahead. Irish MPs voted by 74 votes to 51 in favour of the deal, according to local media reports. The vote comes after the Irish government agreed to sell its 25 per cent in Aer Lingus to IAG earlier this week, saying that IAG had made "a number of extremely important changes" to its initial offer. Under the deal, IAG agreed to a legally binding commitment to maintain current services between … [Read more...] about Govt’ gives green light for Aer Lingus stake sales
Govt' gives green light for Aer Lingus stake sales
The Irish parliament gave International Consolidated Airlines' (IAG) bid for Aer Lingus the final go-ahead. Irish MPs voted by 74 votes to 51 in favour of the deal, according to local media reports. The vote comes after the Irish government agreed to sell its 25 per cent in Aer Lingus to IAG earlier this week, saying that IAG had made "a number of extremely important changes" to its initial offer. Under the deal, IAG agreed to a legally binding commitment to maintain current services between … [Read more...] about Govt' gives green light for Aer Lingus stake sales
Stephen Kavanagh named new Aer Lingus CEO
Aer Lingus has appointed Stephen Kavanagh as its chief executive. He joins the airline at a time when IAG, the British Airways owners, is looking to buy Aer Lingus in a US$1.6 billion deal. Kavanagh replaces Christoph Mueller who is leaving on 28 February to take the top spot at Malaysia Airlines. Kavanagh has been with Aer Lingus since 1988. He held a number of operations and commercial roles before becoming a company executive in 2006. He was part of the IPO team and became CCO in … [Read more...] about Stephen Kavanagh named new Aer Lingus CEO
Aer Lingus to accept takeover bid from IAG
The BBC has reported that Aer Lingus will be taken over by International Airlines Group (IAG), the parent company of British Airways and Iberia Airlines. According to several news sources, IAG pitched its latest proposal at €2.50 a share, valuing Aer Lingus at about €1.3 billion (approx. US$1.5 billion). The Irish Government owns a 25.1 per cent stake in Aer Lingus, while Ryanair owns 29.9 per cent. If the board accepts the bid the government will have to … [Read more...] about Aer Lingus to accept takeover bid from IAG