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 Airways, Etihad Aviation Group

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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.

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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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