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Tue 17 Apr 2012 05:14 PM

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Royal Jordanian CEO Hussein Dabbas quits

Resignation comes just days after he said merger with another airline was inevitable

Royal Jordanian CEO Hussein Dabbas quits
Hussein Dabbas has quit as CEO of Royal Jordanian.

Hussein Dabbas, president and
CEO of state-backed airline Royal Jordanian (RJ) has resigned, it was confirmed
on Tuesday.

“Hussein Dabbas submitted his
resignation to the RJ's board of directors,” Petra, the official Jordanian news
agency reported.

“Dabbas told Petra that his
resignation came out of his conviction that [the] time has come to implement
'new ideas' to develop the RJ,” it added.

Dabbas joined Royal Jordanian
three years ago and his resignation will take effect from June 1.

According to Bloomberg news agency, Dabbas is leaving the job to take another unspecified role elsewhere.

The news comes despite reports
earlier this month that the carrier had transported more than 774,000 passengers in
the first quarter of 2012, an increase of 26 percent on the 615,000 passengers carried in the same
period of 2011.

Dabbas said at the time the
positive performance indicators came during the weakest part of the year in
terms of demand for travel.

RJ, a member of the British
Airways-led Oneworld alliance, admitted this month that a merger with a
larger carrier was inevitable as high fuel prices, competition from local
rivals and a sluggish economy squeezed earnings.

Dabbas said: “We are looking and
reviewing options and talking to airlines to see when the time is right for us
to do something.

“With the pressure we are seeing
from mega-carriers around the world, whether European or regional, to continue
as we are is going to be a difficult game to follow.”

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