Easyjet Appoints Tui Executive as New Financial Officer

The budget airline Easyjet has poached an executive from its rival firm Tui to become its new chief financial officer. Easyjet has appointed the former Tui aviation chief executive and business improvement director, Kenton Jarvis, to replace the outgoing finance chief Andrew Findlay. This new appointment comes following news earlier this month that the budget carrier Easyjet would reduce flying capacity for the fourth quarter due to changes to the UK’s quarantine regime.

 

On the rocks: Coronavirus Impact on Easyjet

As the airline industry as a whole is struggling, Easyjet announced it would reduce its flying capacity after a decision was made to add seven Greek islands to the ‘red list’ as this negatively affected customer confidence. Subsequently, Easyjet said it would fly at slightly less than the 40 per cent capacity that it had previously hoped to target for the rest of the year.

Chief executive Johan Lundgren said:

“We know our customers are as frustrated as we are with the unpredictable travel and quarantine restrictions. We called on the government to opt for a targeted, regionalised and more predictable and structured system of quarantine many weeks ago so customers could make travel plans with confidence.”

 

Tough Job for New Chief Financial Officer

The decision to bring Kenton Jarvis onto the Easyjet team was made in the face of serious adversity faced by the airline industry and Easyjet.  Chief executive Johan Lundgren said Jarvis would be joining Easyjet during a ‘period of exceptional challenge for global aviation’. Jarvis has been praised by the Easyjet executives for his “depth of knowledge of the travel industry” as well as his “financial skills” that will be key in rebuilding following the damage caused by the coronavirus pandemic. Jarvis was previously working at Tui for nearly 20 years. His start date at Easyjet has yet to be confirmed.