Jet Airways CEO to join bmi

Mr. Wolfgang Prock-Schauer, Jet Airways' Chief Executive Officer, has confirmed his resignation from the company, effective 15 October, 2009.

Mr. Prock-Schauer is leaving to join British Midland PLC (bmi) as its Chief Executive Officer and will be based in UK.

Mr. Prock-Schauer has been at the helm of Jet Airways since June 2003 and has guided the company during the critical period of its international expansion growth.

Effective 15th October 2009, Mr. Nikos Kardassis, will take over as Acting Chief Executive Officer of the company. Mr. Kardassis who was formerly the CEO of Jet Airways from 1994 to 1999 has a wealth of experience of both the aviation industry and financial services.

Mr. Kardassis began his career with TWA holding various finance and operational positions. He has over two decades of extensive leadership and business management experience. He joined Merrill Lynch from General Electric where he served as President for GECAT. Mr. Kardassis was also the Managing Director and Head of Business Development and Distribution for the Global Bank Group at Merrill Lynch.

In the past 18 months Mr. Kardassis has served as Senior Vice President - Americas for Jet Airways, and has been closely involved in the restructuring, cost / network management of the airline and has been working as Senior Advisor to the Chairman on both Finance and Strategy.

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