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

Travel Agents

Flight Centre granted loan extension

There was reportedly a great deal of cheering and yahooing coming from Skroo’s office this morning. Discover the cause here.

Share

CommentComments

Tourism

Travelling family cop jail time over fake illness claims against tour operator

These halfwit travellers posted pics of themselves enjoying their holiday on social media, and even gave positive feedback about their trip via a survey, despite claiming to be ill.

Share

CommentComments

Destinations

Your ultimate agent guide to WA’s Margaret River region

by Sponsored by Tourism Western Australia

Have you always pretended to know everything about the Margaret River region to your clients, despite having never actually been there? Continue the facade with this.

Share

CommentComments

Hotels

Marriott to more than double all-inclusive portfolio through new deal

Just like the waistline of Travel Weekly’s editor, Marriott’s all-inclusive portfolio of hotels and resorts is expanding.

Share

CommentComments

Cruise

Meet Rob, the world’s first humanoid robotic bartender at sea

Do you live in fear that one day you will be replaced in your job by a robot? Well, if you’re a bartender on a cruise ship, sadly that day has arrived.

Share

CommentComments

Aviation

ACCC backs reauthorisation of Qantas-American Airlines alliance

It looks like Alan Joyce and Doug Parker will be buying each other anniversary gifts for the next few years.

Share

CommentComments

Wholesalers

Topdeck responds to allegations of “alarming and unscrupulous corporate conduct”

by Ali Coulton

Topdeck has come under fire from a few customers over what they are claiming to be some dodgy rebooking tactics by the Flight-Centre-owned brand.

Share

CommentComments

Destinations

REVEALED: The top-selling souvenir from every country in the world

From camel hair rugs and daggers, to marionettes and worry beads, this study has uncovered exactly which souvenirs travellers are most likely to come home with.

Share

CommentComments

Hotels

Event Hospitality & Entertainment creates new collection of independent hotels

The company has a new brand for its indy hotels to sit under, which is held up by four pillars (metaphorically speaking, of course).

Share

CommentComments

Tourism

New executive officer appointed for Cultural Attractions of Australia

Do you happen to work at Cultural Attractions of Australia and have recently noticed a fresh face wandering the office hallway? Discover their name and more here.

Share

CommentComments

Cruise

Aurora Expeditions to launch new Aussie voyages for domestic travellers

The Aussie-owned cruise company is getting ready for a new and unique domestic travel program, which will kick off in June.

Share

CommentComments

Aviation

IN PICTURES: Virgin Australia unveils “lounge of the future” at Adelaide Airport

Much to Travel Weekly’s disappointment, the new lounge doesn’t feature robot butlers. However, it does have plenty of bright greenery and ambient lighting.

Share

CommentComments