The former chief financial officer of Qantas Airways is being tipped to take over as CEO of India's Jet Airways following a deal that saw Etihad Airways take a 24 percent stake last week.
According to LiveMint.com with cited sources close to the companies, Gary Toomey, an Australian, is slated to replace Greek-American Nikos Kardassis at the helm of India’s second largest airline.
The change at the top follows the announcement by Etihad Airways that it has agreed to buy the stake in Jet Airways for $379m.
Under the deal, the Mumbai-based airline will become the first beneficiary of a policy change that allowed foreign airlines to invest in domestic ones.
Etihad and Jet Airways declined to comment, Mint said, adding that it could not contact Toomey for a confirmation.