Ex-Ansett boss gets top job in India
The appointment of Mr Toomey, the former chief executive of Air New Zealand-Ansett, comes just months after Middle East airline Etihad bought a 24 per cent stake in Jet Airways for $US379 million.
He replaces Nikos Kardassis at Jet Airways, which has lost money for the past six years.
Mr Toomey, who is also a former Qantas chief financial officer, has kept a low profile since since the collapse of Ansett in 2001. He has been chief executive of Papua New Guinea carrier Airlines PNG since June 2009.
He stepped down as chief executive of Air NZ, which owned Ansett, in October 2001, just a month after Australia's then second-largest airline collapsed. Air NZ had to be bailed out by the New Zealand government due to its disastrous foray across the Tasman.
Mr Toomey and Etihad chief executive James Hogan, who is also an Australian, have links to Ansett.
Apart from starting his career at Ansett, Mr Hogan was also chief executive of the Tesna consortium led by billionaires Lindsay Fox and Solomon Lew that unsuccessfully sought to acquire Ansett from administration.
Frequently Asked Questions about this Article…
Gary Toomey has been selected as chief executive of Jet Airways, India’s second-largest airline. He is well known for his role as the former chief executive of the Air New Zealand–Ansett operation and has also served as Qantas’s chief financial officer and as chief executive of Airlines PNG since June 2009.
The article reports that Gary Toomey has been appointed chief executive of Jet Airways. It notes the airline has lost money for the past six years, so his selection signals a leadership change as Jet Airways works to address that recent financial track record.
Gary Toomey replaces Nikos Kardassis as chief executive of Jet Airways, according to the article.
Etihad bought a 24 per cent stake in Jet Airways for US$379 million. Etihad’s chief executive James Hogan, who is also Australian, is mentioned in the article as having links to Ansett.
Toomey was the chief executive of the Air New Zealand–Ansett operation and stepped down as Air New Zealand chief executive in October 2001, about a month after Ansett collapsed. The article says Air New Zealand had to be bailed out by the New Zealand government following that troubled Tasman foray.
Before joining Jet Airways, Toomey served as chief executive of Air New Zealand–Ansett, was Qantas’s chief financial officer, and since June 2009 had been chief executive of Airlines PNG.
The article mentions Etihad chief executive James Hogan (who also has Ansett links) and the Tesna consortium led by billionaires Lindsay Fox and Solomon Lew, which unsuccessfully tried to acquire Ansett from administration.
Yes. The article states Etihad purchased a 24 per cent stake in Jet Airways for US$379 million.
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