Former EasyJet executive Saad Hammad chosen to head Flybe

 
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REGIONAL airline Flybe has hired the former commercial head of EasyJet to pilot the firm’s turnaround efforts.

Saad Hammad will become Flybe’s chief executive from 1 August, taking over from Jim French as he becomes non-executive chairman following 12 years at the helm.

Hammad is currently a managing director at private equity firm Gores Group, and served as EasyJet’s chief commercial officer from 2005 to 2009.

Hammad also spent 18 months as a non-executive director at Air Berlin.

Flybe is six months into a turnaround plan following losses of £40.7m last year.

The firm sold off its landing slots at Gatwick to raise £20m in May.

Hammad said that Flybe was making good progress on its turnaround plan.

“The business is once again ‘fit to compete’ and, with further opportunities to drive its competitive advantages, I look forward to leading Flybe into a new and exciting era,” he added.