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Virgin Atlantic announces new chief executive | Virgin Atlantic announces new chief executive |
(35 minutes later) | |
Virgin Atlantic has announced that American Airlines executive Craig Kreeger will be its next chief executive. | Virgin Atlantic has announced that American Airlines executive Craig Kreeger will be its next chief executive. |
Mr Kreeger will take up the job on 1 February, replacing Steve Ridgway, who is retiring after 11 years. | Mr Kreeger will take up the job on 1 February, replacing Steve Ridgway, who is retiring after 11 years. |
The news comes a month after US carrier Delta Air Lines bought Singapore Airlines' 49% stake in Virgin Atlantic for $360m (£224m). | The news comes a month after US carrier Delta Air Lines bought Singapore Airlines' 49% stake in Virgin Atlantic for $360m (£224m). |
Virgin founder Sir Richard Branson said Mr Kreeger was the "right person". | Virgin founder Sir Richard Branson said Mr Kreeger was the "right person". |
"Craig is the right person to succeed Steve Ridgway at this dynamic and challenging time for our airline," said Sir Branson, who remains Virgin's president. | "Craig is the right person to succeed Steve Ridgway at this dynamic and challenging time for our airline," said Sir Branson, who remains Virgin's president. |
"We believe Craig has the experience and passion to drive Virgin Atlantic forward and capitalise on the opportunities created by our new venture with Delta Airlines." | "We believe Craig has the experience and passion to drive Virgin Atlantic forward and capitalise on the opportunities created by our new venture with Delta Airlines." |
Virgin and Delta are forming an operational partnership that will give Delta more access to take-off and landing slots at London's Heathrow airport. | Virgin and Delta are forming an operational partnership that will give Delta more access to take-off and landing slots at London's Heathrow airport. |
US national Mr Kreeger has been with American Airlines since 1985 and spent six years in London, heading up its international operations. | US national Mr Kreeger has been with American Airlines since 1985 and spent six years in London, heading up its international operations. |
Aviation analyst Gerald Khoo of investment bank Espirito Santo said: "An external appointment was going to be necessary if the airline were to take a different course." | Aviation analyst Gerald Khoo of investment bank Espirito Santo said: "An external appointment was going to be necessary if the airline were to take a different course." |
Mr Kreeger is just one of a number of new chief executives to be announced on Tuesday: | |
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