CEO of Kuwait’s Jazeera Airways to move to Fiji Airways

Stefan Pichler is to leave the Kuwait carrier on August 29 after four years
Stefan Pichler
By Shane McGinley
Mon 22 Jul 2013 02:21 PM

Stefan Pichler, the CEO of Kuwaiti carrier Jazeera Airways who tendered his resignation at the weekend, is to move to Fiji Airways, it has been confirmed.

Pichler will leave the Kuwait carrier on August 29 and will start his position at Fiji on September 1. The German joined Jazeera Airways in 2009 and is credited with turning around the fortunes of the Kuwait carrier.

The airline more than tripled its net profit in the first quarter of 2013, reporting its best Q1 performance on record. Revenue of KD14.7m ($51.4m) represented a 15.7 percent increase, compared to Q1 last year, while net profit rose to KD3.6m, up 229.4 percent.

Pichler previously worked at Virgin Blue as chief commercial officer and launched its long haul carrier V Australia in 2008 as its chairman. He was also chairman and CEO of Thomas Cook and held a senior role at Lufthansa.

“Mr Pichler is a proven chief executive with a strong track record in turning businesses around and growing them to new levels,” Fiji Airways chairman Nalin Patel said.

Launched as Air Pacific in 1951 but rebranded Fiji Airways earlier this year, the carrier is 46 percent owned by Qantas, which recently signed a partnership with Dubai’s Emirates Airline.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.