Etihad to hire Air Berlin CFO: source
[FRANKFURT] Abu Dhabi-based Etihad is set to hire Air Berlin finance chief Ulf Huettmeyer to manage its airline holdings around the world, a person familiar with the matter said on Saturday.
Such a move would leave Germany's second biggest airline without a finance chief for the first time since its stock market flotation in 2006, just as it struggles to return to profit.
It would also put 41-year-old Mr Huettmeyer in charge of Etihad's equity stakes in eight airlines around the world, including in Air Berlin, Aer Lingus, Virgin Australia and Alitalia, which the carrier has picked up as part of a global expansion strategy. "It is just a matter of time before he joins Etihad," the source said on Saturday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ferrari posts underwhelming earnings amid flat deliveries
Tesla’s China-made EV sales fall 18% y/y in April
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787