CoATP
Well-known member
- Joined
- Oct 25, 2005
- Posts
- 476
[FONT='Times New Roman','serif']Thursday July 12, 2007[/font][FONT='Times New Roman','serif'] [/font]
[FONT='Times New Roman','serif']Mexicana Airlines[/font][FONT='Times New Roman','serif'] announced the elevation of CFO Manuel Borja to CEO replacing Emilio Romano, who held the position since March 2004. Borja, who will take over July 16, held a similar position at hotel operator Grupo Posadas, which acquired Mexicana from state-controlled holding company Cintra in late 2005 (ATW, May 2007). Chairman Gaston Azcarraga said, "The 18-month period of stable, ordered transition following the acquisition of the company that we agreed would be spearheaded by Emilio Romano has come to an end. This change in upper management is intended to meet the challenges of a highly competitive market and create greater value for our clients and stockholders." VP-Corporate Finances Gerardo Barrera will succeed Borja as CFO and Click Mexicana CEO Isaac Volin Bolok will add the role of VP-corporate commercial, Mexicana said.[/font]
[FONT='Times New Roman','serif']Pinnacle Airlines[/font][FONT='Times New Roman','serif'] said it is buying nine of Northwest Airlines 65 A319s as part of an effort to right-size its fleet. The carrier said the deals were negotiated during Northwest’s Chapter 11 restructuring and now are nearing closing. Purchase prices were not disclosed. The A319s are configured with 16 business-class and 108 economy seats. The aircraft have been sitting idle and unpainted in the airline's Minneapolis hangar. Phil Trenary, Pinnacle’s President and Chief Operating Officer said, “With this expansion of our fleet we can reach the next level of Regional Airline performance. Our people’s performance emphasizes “Simply The Best” and with aircraft we can begin serving a new mainline carrier.” Mr. Trernary declined to disclose the name of the mainline carrier.[/font]
[FONT='Times New Roman','serif']Mexicana Airlines[/font][FONT='Times New Roman','serif'] announced the elevation of CFO Manuel Borja to CEO replacing Emilio Romano, who held the position since March 2004. Borja, who will take over July 16, held a similar position at hotel operator Grupo Posadas, which acquired Mexicana from state-controlled holding company Cintra in late 2005 (ATW, May 2007). Chairman Gaston Azcarraga said, "The 18-month period of stable, ordered transition following the acquisition of the company that we agreed would be spearheaded by Emilio Romano has come to an end. This change in upper management is intended to meet the challenges of a highly competitive market and create greater value for our clients and stockholders." VP-Corporate Finances Gerardo Barrera will succeed Borja as CFO and Click Mexicana CEO Isaac Volin Bolok will add the role of VP-corporate commercial, Mexicana said.[/font]
[FONT='Times New Roman','serif']Pinnacle Airlines[/font][FONT='Times New Roman','serif'] said it is buying nine of Northwest Airlines 65 A319s as part of an effort to right-size its fleet. The carrier said the deals were negotiated during Northwest’s Chapter 11 restructuring and now are nearing closing. Purchase prices were not disclosed. The A319s are configured with 16 business-class and 108 economy seats. The aircraft have been sitting idle and unpainted in the airline's Minneapolis hangar. Phil Trenary, Pinnacle’s President and Chief Operating Officer said, “With this expansion of our fleet we can reach the next level of Regional Airline performance. Our people’s performance emphasizes “Simply The Best” and with aircraft we can begin serving a new mainline carrier.” Mr. Trernary declined to disclose the name of the mainline carrier.[/font]
