Aviation

Air Canada’s longstanding president and CEO to depart, successor revealed

Air Canada has announced that its president and CEO will retire following the completion of the company’s current fiscal year.

Calin Rovinescu will officially hang up the boots on 15 February 2021 after leading the airline for almost 12 years. He previously worked as Air Canada’s executive vice president of corporate development and strategy, and as its chief restructuring officer.

Air Canada’s deputy CEO and chief financial officer, Michael Rousseau, will succeed him upon his retirement.

Commenting on his impending retirement, Rovinescu said: “I have enjoyed a unique and very special relationship with Air Canada and our outstanding people for over three decades, on the front lines of many of the company’s defining moments – the 1988-1989 privatisation, the defence against a hostile bid for Air Canada in 1999, our merger with Canadian Airlines in 2000, the aftermath of 9-11, leading the 2003-2004 restructuring, and many others.

“But, more than anything else in my career, I am especially proud of the company’s transformation over the last dozen years during which we built Air Canada into one of the world’s leading carriers and a global champion for Canada, winning international customer and employee awards, growing our global network to serve all six inhabited continents, creating thousands of jobs and protecting pensions, producing record financial results, strengthening our balance sheet dramatically, delivering significant shareholder value, and above all, developing a lasting, empowered and entrepreneurial culture for our airline.

“This is directly attributable to the efforts of the wonderful women and men of Air Canada who have supported this multi-year transformation with innovation, hard work and great devotion.”

Rovinescu said that while COVID-19 has “decimated” the global airline industry, Air Canada entered the pandemic much healthier than almost any other airline in the world as a result of its “strong” balance sheet, track record and “engaged” workforce.

“Our COVID-19 Mitigation and Recovery Plan is now nearly complete, and the remaining steps will be put in place prior to year-end,” he said.

“Air Canada will be extremely well-positioned for the recovery when borders reopen, travel restrictions are lifted and the broader economy is functioning again.”

Rovinescu said Rousseau has been a key member of Air Canada’s leadership team since the beginning of its transformation, as well as “an invaluable partner and sounding board for me on virtually all aspects of our journey over the last 12 years – and especially the last two as our deputy CEO”.

“He knows all of our strengths and opportunities and how we can lean into them.” Rovinescu said.

“I am truly delighted that the board of directors has endorsed Mike as my successor for this next stage, and I look forward to working closely with Mike and the rest of our strong executive team through the transition next February.”


Image source: Air Canada


SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Tourism

South African Tourism officials ‘extremely disappointed’ by the latest international travel bans

South African Tourism and the Tourism Business Council of South Africa have expressed their upset in a joint statement.

Share

CommentComments

Aviation

Shocking video shows Ryanair plane’s engine on fire after flock of herons get sucked in

It’s quite a feat to take over ibises as the world’s most annoying bird, but these frightened passengers would put herons in first place.

Share

CommentComments

Cruise

Emerald Azzura celebrates successful sea trials

The staff at Travel Weekly were placing bets on whether Emerald Azzura is a precious mineral or a new brand of sparkling water. Turns out we were all wrong.

Share

CommentComments

Aviation

Jetstar pilot accused of murder to remain in custody until May after facing court

Greg Lynn will remain in custody at Melbourne Assessment Prison until May 2022 after being charged with the murder of two campers.

Share

CommentComments

Technology

Tourism

Riparide land $4 million capital raise

Don’t be fooled by the name: Riparide are an accommodation booking platform, not a car-stealing-for-hire service

Share

CommentComments

Tourism

Pajinka’s traditional owners are changing access to the site after disrespectful behaviour from tourists.

Acts of vandalism, graffiti and nudity have left the traditional owners close to closing the site.

Share

CommentComments

Midweek Interview

Life in the time of COVID-19 with Aurora Expeditions’ Steve McLaughlin

This week, Aurora Expeditions’ APAC sales director reveals the secret ingredient of his famous chilli con carne and the best British crime shows to watch while eating it.

Share

CommentComments

Destinations

Visit Victoria teams up with The Project to showcase Melbourne’s awesomeness

Here at Travel Weekly, we love visiting Melbourne. It’s perhaps the only place in Australia where you can hang out in a laneway without getting mugged or witnessing a drug deal.

Share

CommentComments

Tourism

Aussie is appointed as CEO of The Travel Concierge Sri Lanka

The new appointment could see quite a few more Aussies paying a visit to Sri Lanka once the pandemic is well and truly over.

Share

CommentComments

Aviation

Bonza announce key new hires in preparation for lift-off

The new hires seem fit and ready to go. Unfortunately they declined my job application which was a video of me playing flight simulator.

Share

CommentComments

Aviation

FAA hands out fines worth over $US160,000 for alcohol-related unruliness

Rowdy passengers are footing the bill as they take “screaming drunk” to new heights.

Share

CommentComments

Travel Agents

AFTA reach out for further government support in the face of Omicron

AFTA hopes a “grassroots activation” will get them on the “same field” as Government.

Share

CommentComments