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Today's Thought-The Airline CEO |
Tuesday, February 17, 2009 |
Jonathan G. Ornstein Chairman and Chief Executive Officer, Mesa Air Group, Inc.
Jonathan began his aviation career in 1987 with Air LA, a small commuter airline based in Los Angeles, California, where his responsibilities ranged from finance and planning to baggage handling and aircraft cleaning. Jonathan's first contact with Mesa occurred in the summer of 1988 during the negotiation of Air LA's sublease of a Mesa aircraft and in 1989, Jonathan accepted a job offer from Mesa with the prestigious title of "Assistant to the President". At Mesa Jonathan was eventually responsible for all scheduling, pricing, fleet planning and acquisitions.
Over the next six years, working with Mesa's CEO Larry Risley, Jonathan directed Mesa's acquisition of Aspen Airways (United Express), Air Midwest (US Air Express), WestAir (United Express) and Crown Airways. During this time, Mesa's annual revenues grew from $11 million to over $500 million, pretax income rose from $240,000 to $45 million and the number of employees increased from 165 to 3,000. In recognition of its success, the Company was named 1992 Regional Airline of the Year by Air Transport World magazine.
At the time of Mesa's purchase, WestAir was both the largest, as well as the most unprofitable, independent regional airline in the US. Following Mesa's purchase, Jonathan was appointed President of WestAir. After a significant restructuring, WestAir broke its string of ten consecutive quarterly losses and posted a pretax profit exceeding $15 million, up from a pretax loss of $12 million twelve months earlier.
Returning to Mesa headquarters in 1993, Jonathan worked closely with Texas Pacific Group and Continental in the bankruptcy reorganization of America West. In recognition of Mesa's help in the America West restructuring, as well as Mesa's operational capabilities, the Company was chosen to provide regional operations for America West. In addition, Mesa invested $20 million in America West which it later sold for a $47 million profit.
As a result of the work Jonathan performed in the America West restructuring, Continental's Chairman and General Partner of the Texas Pacific Group David Bonderman offered Jonathan the opportunity to become President and CEO of Continental Express. Like WestAir, Continental Express had been significantly unprofitable for a number of years and with the lessons learned from his experience at Mesa, Jonathan and his new management team quickly implemented a major restructuring. Jonathan also concurrently served as Senior Vice President Airport Operations for Continental Airlines overseeing the successful restructuring of Continental's operations. In recognition of his accomplishments at Continental, Jonathan was selected as Regional Airline Executive of the Year for 1995, an award presented by Commuter/Regional Airline News - the industry's publication of record - and Rolls-Royce.
After Continental chose not to spin off the now-successful Continental Express, Ornstein accepted an offer from Richard Branson to develop a low-cost, low-fare jet carrier in Europe. In 1996, he was appointed Chief Executive Officer of Virgin Express, based in Brussels, Belgium. During his tenure at Virgin Express, Jonathan took the company from a fledgling startup to a publicly traded company operating a fleet of over 25 737s throughout Europe, the Middle East and Africa. By 1998 the airline's passenger traffic increased tenfold and generated annual revenues in excess of $300 million and operating profits of $16 million. Continue reading here...
WYD Team |
posted by Win Your Dreams @ 8:44 AM |
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