Virgin Atlantic Names New CEO

He managed American Airlines' partnership with British Airways

   

1 virgin 300x198 Virgin Atlantic Names New CEOVirgin Airlines will get a new chief executive next month.

The British carrier, founded by billionaire Richard Branson, announced that Craig Kreeger would replace outgoing CEO Steve Ridgway on February 1.  Kreeger formerly headed American Airlines’ (PINK:AAMRQ) international operations for six years while based in London, CNN noted.

virgin media 120 Virgin Atlantic Names New CEO
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While at American, Kreeger managed a critical partnership with British Airways, which shared transatlantic flights between the two airlines.

Last month, Delta (NYSE:DAL) paid $360 million to acquire a 49% stake in Virgin from Singapore Airlines (PINK:SINGF). The partnership between Virgin and Delta is expected to increase transatlantic traffic for both airlines, and give Delta greater access to Heathrow Airport in London.

Ridgway had announced his intention to step down this year back in September. Branson retains the remaining 51% stake in Virgin Airlines.


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/virgin-atlantic-names-new-ceo/.

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