Aviation veteran Gary Toomey appointed CEO of Jet Airways

A little over two weeks after shareholders of Jet Airways’ approved stake sale to Etihad,Gary Kenneth Toomey — believed to be close to Etihad management

Written by ENS Economic Bureau | New Delhi | Published: June 14, 2013 1:24:41 am

A little over two weeks after shareholders of Jet Airways’ approved stake sale to Etihad,Gary Kenneth Toomey — believed to be close to Etihad management — has been appointed as the chief executive officer of Jet Airways.

The appointment is subject to regulatory approvals from the government of India. Till approvals come,Hameed Ali will continue as the acting CEO,said a release from the airline.

The Indian Express had reported on June 8 that Toomey is likely to be made the CEO of the airline.

The announcement was made a few days after the resignation of Nikos Kardassis as CEO on June 7 after he served two terms as CEO.

Jet Airways chairman Naresh Goyal expects Toomey to steer the airline forward. “Toomey has extensive experience in domestic and international airline management,and the right credentials and skills to take Jet Airways forward,” Goyal was quoted in a release sent by the airline.

Toomey,58,an Australian national,has vast experience in the aviation sector. He has served as president and CEO of the Air New Zealand Group and as CEO of Airlines PNG in Papua New Guinea at a time when the airlines were undergoing major expansion.

Jet Airways shares on Thursday soared by over 6 per cent to close at Rs 432.55 ahead of the Foreign Investment Promotion Board (FIPB) meeting on Friday that would decide on the Rs 2,058 crore Jet-Etihad deal.

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