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Mon 17 Jun 2019 04:18 PM

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Etihad Aviation Group hires former ADIA exec as CFO

Andrew Macfarlane becomes chief financial officer as the state-owned carrier pushes ahead with a restructuring plan

Etihad Aviation Group hires former ADIA exec as CFO

Etihad Aviation Group has appointed former Abu Dhabi Investment Authority (ADIA) executive, Andrew Macfarlane, its chief financial officer as the state-owned carrier pushes ahead with a restructuring plan.

Macfarlane was the sovereign wealth fund’s head of operations, real estate and infrastructure department in 2014, according to his LinkedIn profile.

Prior to that he was the CFO of Dublin-based Aer Lingus. A spokeswoman for Etihad confirmed Macfarlane’s appointment.

Etihad slimmed its routes and slashed aircraft orders worth $21.4 billion after abandoning a plan to build a global network of airline investments.

The turnaround effort is being led by former head of London’s Heathrow airport Tony Douglas. The carrier posted a loss of $1.28 billion in 2018.

Macfarlane replaces Adam Boukadida, who became the interim CFO in April after Mark Powers left the company. Powers joined the group in January 2018.

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