newstodate.aero
Jul 23, 2013 (newstodate): Estonian Air has down-sized its top-level management.
Leaving the management of the carrier are Jyri Ketola, COO, to be replaced by Mikael Waangdahl who is already serving as a consultant to the carrier, and Rauno Parras, CCO, who will have no successor in the slimmed organization.
After this reshuffle, the management board will consist of Jan Palmer, Chairman of the Board, Wade Stokes, CFO, Andreas Kari, Accountable Manager, and Mikael Waangdahl, COO.
During January-June 2013, Estonian Air carried a total of 275,258 passengers - four percent behind budgets, but as the revenue per passenger was reportedly above target, the half-year ended on budget, the carrier claims.
Estonian Air is amidst its restructuring process, cutting staff, routes and fleet to return to profitability by 2014.
Looming under the horizon, however, is the outcome of the ongoing EU investigation into alleged illegal state aid for the airline, the repayment of which would threaten the airline's future survival.
Steering Estonian Air since November 1, 2012, is Jan Palmer as CEO, who brings in abundant experience from recent airline bankruptcies including the Danish carrier Cimber Sterling and the Swedish Skyways.
Mr Palmer brought with him as consultants his former management partner in Skyways, Mikael Wangdahl as well as a retired senior aviation specialist Kjell Fredheim, who was member of the top management of SAS in the 80'ies.
Leaving the management of the carrier are Jyri Ketola, COO, to be replaced by Mikael Waangdahl who is already serving as a consultant to the carrier, and Rauno Parras, CCO, who will have no successor in the slimmed organization.
After this reshuffle, the management board will consist of Jan Palmer, Chairman of the Board, Wade Stokes, CFO, Andreas Kari, Accountable Manager, and Mikael Waangdahl, COO.
During January-June 2013, Estonian Air carried a total of 275,258 passengers - four percent behind budgets, but as the revenue per passenger was reportedly above target, the half-year ended on budget, the carrier claims.
Estonian Air is amidst its restructuring process, cutting staff, routes and fleet to return to profitability by 2014.
Looming under the horizon, however, is the outcome of the ongoing EU investigation into alleged illegal state aid for the airline, the repayment of which would threaten the airline's future survival.
Steering Estonian Air since November 1, 2012, is Jan Palmer as CEO, who brings in abundant experience from recent airline bankruptcies including the Danish carrier Cimber Sterling and the Swedish Skyways.
Mr Palmer brought with him as consultants his former management partner in Skyways, Mikael Wangdahl as well as a retired senior aviation specialist Kjell Fredheim, who was member of the top management of SAS in the 80'ies.