Jetlines Appoints Experienced ULCC Finance Executive to Board of Directors and As Special Advisor to the CEO
VANCOUVER, BRITISH COLUMBIA, Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Alan Bird to Jetlines’ Board of Directors serving as well as a special advisor to the CEO. Alan has more than 25 years of airline finance experience including executive tenure with VivaAerobus, Tiger Airways, and British Midland.
Mr. Bird most recently served as Chief Financial Officer for Mexico’s fastest growing ULCC air carrier, VivaAerobus. During his tenure as CFO Alan helped create the lowest cost airline in North America. Mr. Bird was responsible for the purchase agreement for 52 new Airbus 320, the largest deal recorded at that time by a Latin American airline. In addition, he successfully raised MXN$1billion of fiduciary certificate debt finance as a part of an acquisition program.
Prior to VivaAerobus, Mr. Bird served as Chief Financial Officer and board member for Tiger Airways Singapore. In this role, he initiated the IPO process that realized significant gains for shareholders and was instrumental in establishing sound financial practices for the start up of a subsidiary airline in Australia. From 1997 to 2007, Mr. Bird held the role of Finance Director to British Midland International and was responsible for the overall financial management and procurement function for the BMI Group of Companies. Mr. Bird was part of the team in the deal that secured an exit for shareholders at a valuation of