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Nigerian Eagle Airlines appoints Kinfa Fekadu of Ethiopia as CEO
Lagos — Nigerian Eagle Airlines (formerly Virgin Nigeria Airways) has appointed an Ethiopian, Mr. Kinfa Fekadu, as the Chief Executive Officer of the major domestic carrier following the exit of Captain Dapo Olumide yesterday. The appointment takes immediate effect.
Also, the board of the airline, which was recently acquired by businessman, Jimoh Ibrahim, has approved the opening of a letter of credit for the purchase of two new aircraft.
In a statement made available to THISDAY by the airline, the new CEO, Fekadu, 47, was until his appointment the Chief Operating Officer and Chief Commercial Officer of the airline and has worked for over 22 years in the aviation industry.
Fekadu holds a BSc in Mechanical Engineering from Addis Ababa University and Masters of Technology (ITT) Mumbai and Masters of Business Administration (MBA) from Open University, United Kingdom.
Fekadu has attended various aviation-related operational and leadership trainings and conferences.
He was appointed Chief Operating Officer (COO) Ethiopian Airlines from October 12, 2009 and on January 14 2010 became the COO of Nigerian Eagle Airlines and also doubled as its Chief Commercial Officer.
Fekadu joined Ethiopian Airlines as college trainee on October 13, 1987 and served the airline under various capacities for the last 22 years.
Also appointed are two Executive Directors - Stephen Ojo, Executive Director, Accounts and Finance, and Tadafera, Executive Director, Treasury.
The board, the statement said, met in Lagos yesterday and asked Captain Olumide to hand over to Fekadu, noting that the former CEO was expected at the board meeting but did not show up and did not give any reason for his action.
The statement also said: "The Board also approved the opening of letter of credit (L/C) for the purchase of two new aircraft. The purchase will be financed by United Bank for Africa (UBA)."
It was announced at the weekend that Ibrahim acquired the airline which was mired in debts and was threatened with liquidation early last year before the Olumide-led management took over the company and sustained its operations.
sounds like a brain drain for Ethiopian??That’s what happens when you don’t pay your people well enough.Good luck to him though
Good job and success Ob. Kinfaa
Congradulations Ato Kinfe Fekadu. Ethiopians have great brain. Bad luck we don´t and couldn´t use all our wisdoms in the ethnic dominated rules of current poor Ethiopia. Way nedo!!
Our athlets and Ethiopian air lines doing well which ever govenment we have which alowasy surprses me. What kind of immunity they have from the governments. Now many Ethiopian air lines ex-employees work all over the world in different departments and our athlest represent many nations. On the last cross country Ethiopian athlets represent Ethiopia, Qatar,AZERBAIJAN,BELGIUM,BAHRAIN,SPAIN,ISRAEL.
Unlike Ethiopian Airlines, Nigerian private airline industry is the Wild West. Terrible safety record, bankruptcies and people losing jobs overnight.
Mr. Kinfe Fekado is not the first former ET staff to manage other airlines, but the first I’ve heard of in Nigeria. We hope he succeeds!
Mr belew [Visitor
way don’t u pay him????????
Proud of you agere lej.
I hope he will manage all the odd, not shy away to make difficult decision and finaly he will bring a successes for the airline as much as for himself.
As far brain drein is concerned, that is expected when the minority tribalist run the government.
Think in your brain, not fatty ass. What do you mean by “enough money". How enough is “enough money” for you. Do you have to be immerssed in politics 24 hours.
More fat dictators to kiss up to..but great job buuuuuud.
That is good!!!we ethiopians one day we go back home with pride with money and good eduction.
hayal hayal hayal,your name says it all dude.obvioulsy, you are one of those ass kissers meles has around him,so it wouldn’t surprise me you taking offense to what i said.It has nothin gto do with politics at all.We live in a globalized capitalist system,and if you don’t pay educated people what they deserve to get paid to do a highly technical job,somebody elese would be more than happy to pay them for their service!That is the reason we see many ethiopian professionlas working for asian airlines and also as in the case of Mr fekadu also.Hope your little brain would be able to analyze what i just said,unless you are completely block headed.
Yes we have big mouths immersed on internet politics while good men are making history. That is how life goes the lazy vs. The hard working
Of course it is a brain drain like Belew mentioned. The end never seem to come when every time compatriots are leaving left and right.
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