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Etihad Appoints Former Aer Lingus Executive As Its New CFO

Published on Jun 24 2019 10:30 AM in General Industry tagged: Trending Posts / Etihad

Etihad Appoints Former Aer Lingus Executive As Its New CFO

Etihad Airways has appointed former Aer Lingus chief financial officer Andrew MacFarlane as its new group CFO, a spokesman for the Abu Dhabi airline has announced.

MacFarlane, who served as Aer Lingus CFO from 2009 to 2014, has replaced Mark Powers, who left Etihad earlier this year for personal reasons.

MacFarlane has joined Etihad from state fund Abu Dhabi Investment Authority (ADIA), where he held a non-aviation role for five years, according to his LinkedIn page.

He is Ethihad's second CFO since the airline announced that it was overhauling its management in 2017.

Five Year Turnaround Strategy

Etihad has begun a five year turnaround strategy led by group CEO Tony Douglas, who joined the Abu Dhabi carrier in 2018.

The loss-making airline has scaled back its ambitions. It started reorganising as a mid-sized carrier focussed on point-to-point traffic in 2018.

It has cancelled dozens of Airbus and Boeing aircraft orders worth tens of billions of dollars.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition. 

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