El Al confirmed (02-Dec-2013) CEO Elyezer Shkedy has tendered his resignation, with Mr Shkedy to step down once a suitable replacement has been identified. Mr Shkedy said: "I am finishing my position with pride and a sense of great satisfaction", adding the role is "one of the most challenging positions in the Israeli economy." [more - original PR] [more - original PR - Hebrew]
El Al confirms resignation of CEO
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Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines. In 2017 those profit levels may be eroded as oil prices creep back up, economies falter and political uncertainty abounds over matters such as ‘Brexit’ and the election of a new and unpredictable US president – along with the prospect of greater levels of protectionism and threats to open skies agreements. All of which, of course, must impact on airports.
Perhaps nothing sums up this political uncertainty more than the ‘decision’ made – at length – by the British government that London Heathrow Airport will be expanded by the addition of a single runway, and which is not a decision at all. It must be rubber stamped by MPs by Dec-2017 and there is no ‘certainty’ about that. On a potentially more positive note however, Donald Trump’s election as US President could generate new, much need investment in US airport infrastructure.