American Airways has promoted Meghan Montana to vp and treasurer.
In her expanded function, Montana will likely be answerable for the airline’s treasury actions, together with company finance, world banking and money administration, in addition to fleet transactions, asset administration, insurance coverage and gasoline procurement.
She is going to report back to American’s chief monetary officer, Derek Kerr.
Montana succeeds Tom Weir, who has introduced his retirement from American after 20 years with the corporate.
Weir joined America West Airways in 2000 as vp and treasurer and held the identical place at US Airways previous to its merger with American in 2013.
“Tom is likely one of the highest pals I’ve ever had on this enterprise,” stated Kerr.
“He’s the preeminent aviation financier on the earth, as evidenced by the truth that he has put collectively properly over $100 billion of financings and negotiated greater than $50 billion of plane and engine purchases throughout his profession.”
“That is a part of a long-term transition plan for our treasury staff,” added Kerr.
“Tom has helped us develop his successor and we’re grateful to have discovered that individual in Meghan.
“She has an impressive repute and terrific relationships within the banking world, which have benefited American significantly this 12 months.
“She’s the proper individual to construct on the work Tom has executed as we proceed to navigate these extraordinary occasions.”
Montana joined American in 2018 as managing director and assistant treasurer.
She has been instrumental in American’s response to the Covid-19 pandemic, serving to Weir prepare greater than $20 billion in financing this 12 months to strengthen American’s monetary place.