Allan Rowe to retire in February 2011
HALIFAX, Dec. 6 /CNW/ - Today, Jazz Air Income Fund (TSX: JAZ.UN, JAZ.DB) ("Jazz") announced the appointment of Richard (Rick) Flynn as Chief Financial Officer effective February 28, 2011, to coincide with the retirement of Allan Rowe after a successful career in finance that has spanned more than 30 years.
Rick is currently the Vice President of Finance at Jazz, and has held a number of senior roles since he began his career in the airline industry in 1986. Beyond financial roles, Rick's career has encompassed assignments and responsibility in most functional areas within the regional airline industry including airports, in-flight, commercial services, and sales and marketing.
"We are fortunate to have such a strong and well respected successor for this key position," said Joseph Randell, President and Chief Executive Officer, Jazz. "I've known and worked with Rick for just under twenty-five years, and I'm confident that his breadth of experience will continue to contribute to the success of our company. Allan has been a great mentor to Rick in the many aspects of being a publicly-traded entity, and I sincerely thank him for providing us with a transition period to ensure a smooth succession."
Mr. Randell went on to say, "Allan has shown great leadership over the last several years and has been integral to our achievement of several significant milestones. He was instrumental in leading the successful initial public offering of the Jazz Air Income Fund, the debenture financing transaction, and overseeing our current corporate conversion and the financial reporting changes required under the International Financial Reporting Standards. It has been my great pleasure to work with, and to know Allan, and I wish him a healthy and enjoyable retirement."
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About Jazz Air Income Fund
The Fund is an unincorporated, open-ended trust established under the laws of the Province of Ontario, created to indirectly acquire and hold an interest in the outstanding limited partnership units of Jazz.
About Jazz Air LP
Jazz Air LP ("Jazz") is indirectly wholly owned by the Jazz Air Income Fund, and has a strong history in Canadian aviation with its roots going back to the 1930s. Since Jazz became publicly traded in February 2006, it has generated some of the strongest operational and financial results in the North American aviation industry. For more information, visit www.flyjazz.ca.
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