Veteran airline executive Edward Wegel is the new Chief Executive Officer of Air Jamaica.
RJR News has been informed that Air Jamaica's Board of Directors gave Mr. Wegel the nod over Canadian airline manager David Banmiller who was the second person being eyed for the job.
Our news centre was told that Mr. Wegel, who is an American, is to assume duties by the end of this month.
Mr. Wegel has more than 25 years of experience in the airline industry as well as in investment banking and restructuring.
Between 1994 and 1996 he was President as well as a member of the board of BWIA International Airways.
He also served as Director of Finance for Eastern Airlines from 1985-1987.
Following that stint, Mr. Wegel was a Vice President in the investment banking/restructuring division of Lehman Brothers in New York where he worked on the restructuring of several major airlines.
Mr. Wegel will have the task of leading Air Jamaica until its planned privatisation next year.
The Government is currently searching for a private sector partner to take over the operations of the financially-troubled airline which has racked up billions of dollars in debt.
The sale is expected to be completed by April.
RJR News has been informed that Air Jamaica's Board of Directors gave Mr. Wegel the nod over Canadian airline manager David Banmiller who was the second person being eyed for the job.
Our news centre was told that Mr. Wegel, who is an American, is to assume duties by the end of this month.
Mr. Wegel has more than 25 years of experience in the airline industry as well as in investment banking and restructuring.
Between 1994 and 1996 he was President as well as a member of the board of BWIA International Airways.
He also served as Director of Finance for Eastern Airlines from 1985-1987.
Following that stint, Mr. Wegel was a Vice President in the investment banking/restructuring division of Lehman Brothers in New York where he worked on the restructuring of several major airlines.
Mr. Wegel will have the task of leading Air Jamaica until its planned privatisation next year.
The Government is currently searching for a private sector partner to take over the operations of the financially-troubled airline which has racked up billions of dollars in debt.
The sale is expected to be completed by April.
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