Alexis Von Hoensbroech Wikipedia, Net Worth, Westjet salary, Family, Wife

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Alexis Von Hoensbroech Wikipedia, Westjet’s net worth, salary, family, wife

Alexis Von Hoensbroech Wikipedia, Net Worth, Westjet Salary, Family, Wife – Alexis von Hoensbroech fondly recalls his first experience with the cold in Canada. He is in Calgary for the first time since taking over as president of the country’s second-largest airline.

Alexis Von Hoensbroech Wikipedia, Westjet’s net worth, salary, family, wife

The town that WestJet considers home is tucked away in the eastern foothills of the Rocky Mountains. The prairies experience cold winds for several months that can bring blizzards that can dump half a meter of snow in a matter of hours.

“It was minus 30 degrees when we landed here in January,” he said. “My wife asked me to terminate my contract,” the summer heat six months later left a similar impression. “That’s a really dramatic 60-degree Celsius change in temperature,” he scoffed. Von Hoensbroech is busy planning a change he hopes will restore pride to the city’s pandemic-ravaged airline as Calgary transitions from cold to sweltering.

How Alexis von Hoensbroech Reinvented the WestJet Foundation

He’s determined to centralize WestJet’s operations locally and bring it back to its low-cost roots when Covid-19 has largely passed.

Of course, the epidemic has left its mark on our balance sheets, he admitted. “And we have to think hard about how to wear it back.”

In February, a German citizen with a doctorate in astrophysics replaced Ed Sims as the airline’s CEO. Sims led the company for three years, going through the severe and terrible Covid-19 crisis that left WestJet the shell it once was, as well as its transition from public to private. . promises greater financial security. Sims quit in December.

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Von Hoensbroech came with knowledge of the European industrial scene. He has been with the Lufthansa Group for 16 years and before taking over as CEO and CFO of Austrian Airlines in 2018, he was Commercial Director of Lufthansa Cargo.

He revealed that he is looking for a change after successfully guiding the mid-sized aircraft carrier through the tragedy caused by the coronavirus. I recently turned 50 and that’s when you start to wonder if you want to move on or want to start something new.

In 1996, WestJet was founded as a low-cost airline in Western Canada to compete with the nation’s two largest airlines, Air Canada and Canadian Airlines. The WestJet logo is a stylish leaf in blue and teal. WestJet spent years expanding after Canada’s collapse in 2001, though it hasn’t made a few mistakes in the process. WestJet started as a clone of Southwest Airlines before transitioning to a fully diversified airline with a global presence. It had a fleet of only Boeing 737s when it went public in 1999.

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Calgary is located in Alberta, has the third largest gross domestic product in Canada and an oil and gas based economy. It is famous for hosting the Calgary Stampede, the largest horse race in the world, every July. From the outset, WestJet was determined to do business differently from rivals located east of the country’s financial and political center. To the satisfaction of both customers and employees, the airline’s DNA permeates the atmosphere of the wild west of the Canadian Rockies.

86% of “WestJetters” own WestJet stock more than 20 years after the airline’s founding, taking part in the company’s ownership. After years of nervousness spent responding to short-term financial market needs, ended in December 2019 when the airline was privatized by Toronto-based private equity group Onex Partners.

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The parties have kept the details of the deal private, although Onex has invested a total of about C$345 million (US$263 million) in equity.

“I am pleased with this successful business story of WestJet – which started with three planes 26 years ago and is the parent airline of Western Canada,” he said. “I appreciate it being a privately held company in a vibrant entrepreneurial community. I believe: “This is the ideal airline to operate, grow, sustain the pre-pandemic success and take it to the next level.”

WestJet’s transformation really began in 2014, when the airline entered the transatlantic market with four used Boeing 767s and little prior knowledge of the complexities of the global network. , vast alliances and seamless connections. The airline quickly ran into problems and profits dropped.

However, under Sims’ leadership, WestJet re-emerged as a major player in domestic and international markets, with significant business between the United States and Canada.

WestJet will take delivery of the first of ten Boeing 787 Dreamliners in 2019, launching a frontal assault on Air Canada, its much larger and older successor.

WestJet carried 26 million passengers that same year, a record for an airline. By early 2020, the operator’s network had grown to 98 locations in 22 countries in the Americas, the Caribbean and Europe.

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