Yid Becomes Airlines New CEO
Virgin Atlantic said Thursday that chief commercial officer Shai Weiss will take over Jan. 1. Weiss, who had been chairman of a Virgin investment fund, was named the airline’s chief financial officer in 2014 • Full Story
AP
British airline Virgin Atlantic is picking an insider to become the next CEO after Craig Kreeger retires.
Virgin Atlantic said Thursday that chief commercial officer Shai Weiss will take over Jan. 1. Weiss, who had been chairman of a Virgin investment fund, was named the airline’s chief financial officer in 2014.
Kreeger has been CEO since February 2013. Before that he spent 27 years at American Airlines.
Virgin Atlantic was founded by British billionaire Richard Branson, who remains president. The airline had 2017 revenue of 2.7 billion pounds ($3.6 billion US).
Delta Air Lines owns a 49 percent stake, and Air France-KLM owns 31 percent of Virgin. The carriers plan to combine their partnerships into a single trans-Atlantic joint venture that Virgin called its next mid-range corporate plan.
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