by Christopher Freeburn | January 8, 2013 10:50 am
Virgin 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.
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.
Source URL: https://investorplace.com/2013/01/virgin-atlantic-names-new-ceo/
Short URL: http://invstplc.com/1ftD6II
Copyright ©2018 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.