Gary Kenneth Toomey new CEO of Jet Airways
Thread Starter
Join Date: Jun 2007
Location: Cochin VOCI , India
Age: 35
Posts: 1,605
Likes: 0
Received 0 Likes
on
0 Posts
Gary Kenneth Toomey new CEO of Jet Airways
NEW DELHI: Aviation industry veteran Gary Kenneth Toomey was today appointed by Jet Airways as its new chief executive Officer, nearly two months after the airline's deal with Gulf carrier Etihad.
The appointment followed the resignation of Nikos Kardassis on June seven after he served two terms as CEO between 1993-1999 and again from October 2009 till May 2013.
Toomey, 58, an Australian national, has previously served as president and CEO of the Air New Zealand Group and CEO of Airlines PNG in Papua New Guinea during periods of their major expansion.
Before this, he had served in various positions in Australian carrier Qantas, including as a director, deputy CEO and chief financial officer.
Soon after Kardassis resigned, Capt Hameed Ali was appointed as acting CEO to run the show till a full-time chief executive was appointed.
A Jet spokesperson said Ali would continue as acting CEO till Toomey's appointment received regulatory approval.
In a statement, Jet chief Naresh Goyal said Kardassis had "made a significant contribution to Jet Airways, particularly in the development of our international network, laying the foundation for our future expansion."
He said Toomey has "extensive experience in domestic and international airline management, and the right credentials and skills to take Jet Airways forward."
Toomey, on his part, said the fast-growing Indian aviation market "offered significant potential for Jet Airways not only within India, but beyond, through new or improved international connections. I am delighted to have been selected to lead the Company and continue the development and growth of Jet Airways."
Ever since Jet clinched a stake sale deal with Abu Dhabi -based Etihad in April, whereby it agreed to sell 24 per cent stake for Rs 2,042 crore, the industry was abuzz with speculation that changes in the private carrier's leadership were in the offing.
Gary Kenneth Toomey new CEO of Jet Airways - The Times of India
The appointment followed the resignation of Nikos Kardassis on June seven after he served two terms as CEO between 1993-1999 and again from October 2009 till May 2013.
Toomey, 58, an Australian national, has previously served as president and CEO of the Air New Zealand Group and CEO of Airlines PNG in Papua New Guinea during periods of their major expansion.
Before this, he had served in various positions in Australian carrier Qantas, including as a director, deputy CEO and chief financial officer.
Soon after Kardassis resigned, Capt Hameed Ali was appointed as acting CEO to run the show till a full-time chief executive was appointed.
A Jet spokesperson said Ali would continue as acting CEO till Toomey's appointment received regulatory approval.
In a statement, Jet chief Naresh Goyal said Kardassis had "made a significant contribution to Jet Airways, particularly in the development of our international network, laying the foundation for our future expansion."
He said Toomey has "extensive experience in domestic and international airline management, and the right credentials and skills to take Jet Airways forward."
Toomey, on his part, said the fast-growing Indian aviation market "offered significant potential for Jet Airways not only within India, but beyond, through new or improved international connections. I am delighted to have been selected to lead the Company and continue the development and growth of Jet Airways."
Ever since Jet clinched a stake sale deal with Abu Dhabi -based Etihad in April, whereby it agreed to sell 24 per cent stake for Rs 2,042 crore, the industry was abuzz with speculation that changes in the private carrier's leadership were in the offing.
Gary Kenneth Toomey new CEO of Jet Airways - The Times of India
Join Date: Feb 2006
Location: Blue Planet
Age: 44
Posts: 119
Likes: 0
Received 0 Likes
on
0 Posts
This was a pre condition set by Etihad that Kardassis be made to resign. 
Mr Goel saying he left to be with family and seek other pastures is a load of bull.
Expect some more changes at the top, as Etihad seeks to control operations after infusing a huge amount, which is natural.
They have also got 3 seats on the board of directors, which includes Mr Toomey the incumbent CEO, and Jet will have 4 directors.
Hope this brings in a fresh dose of professionalism into the management of the airline.
Mr Goel saying he left to be with family and seek other pastures is a load of bull.
Expect some more changes at the top, as Etihad seeks to control operations after infusing a huge amount, which is natural.
They have also got 3 seats on the board of directors, which includes Mr Toomey the incumbent CEO, and Jet will have 4 directors.
Hope this brings in a fresh dose of professionalism into the management of the airline.
Join Date: Nov 2006
Location: Western Pacific Ocean
Posts: 139
Likes: 0
Received 0 Likes
on
0 Posts
Nothing new. 9W has always been run by ex-CEOs or ex VPs of failed or 3rd rate western carriers. Most of which are pretty much shunned in their own country's aviation sector. NG is consistent in hiring such hacks. Perhaps he has a hard time attracting executive talent to that part of the world.
If that's the case, IMO, it's high time he hands the reins to a COMPETENT Indian national vs hiring a transient foreigner.
If that's the case, IMO, it's high time he hands the reins to a COMPETENT Indian national vs hiring a transient foreigner.
Join Date: Mar 2008
Location: Big Blue Yonder
Posts: 319
Likes: 0
Received 0 Likes
on
0 Posts
This move highlights a couple of things.Firstly the clout that James Hogan has within the Etihad management by bringing on board one of his cronies.Remember both of them are from the failed airline Ansette and further more Hogan failed miserably at Gulf Air but management is all about how you present or sell yourself.
Secondly , Etihad is trying to wrest as much of management control as possible in this deal and that is what is causing problems with the FIPB.At least there are some beauracrats and MPs in India who have some spine and don't want to see their country being sold down the drain.
I wonder when the boys at Etihad will start to see their folly in this whole deal.Probably when EK and QR have their rights approved by the Indian government.
Secondly , Etihad is trying to wrest as much of management control as possible in this deal and that is what is causing problems with the FIPB.At least there are some beauracrats and MPs in India who have some spine and don't want to see their country being sold down the drain.
I wonder when the boys at Etihad will start to see their folly in this whole deal.Probably when EK and QR have their rights approved by the Indian government.
