Air Seychelles, the national airline of the Republic of Seychelles, today announced the appointment of Michael Berlouis as its new Chief Financial Officer.
Mr Berlouis joins Air Seychelles from Etihad Airways, where he held the position of Manager Financial Planning, with responsibility for the design, implementation and management of financial planning systems and forecasts, including the collation of annual budgets, five-year plans, cabin profitability and traffic flow profitability.
Most recently the Seychellois finance professional completed an assignment in Belgrade as the Head of Financial Planning and Control at Air Serbia, an Etihad Aviation Group airline.
Roy Kinnear, Chief Executive Officer of Air Seychelles, welcomed the appointment, saying: “We are pleased to welcome Michael to Air Seychelles as our new Chief Financial Officer.”
“His considerable experience in all aspects of corporate finance will be invaluable in continuing to drive profitability as we expand our network to Düsseldorf in Germany and Durban in South Africa.”
“Over the last few years we have placed a large focus on succession planning at Air Seychelles and it is heartening to see another Seychellois national join our senior management team.”
Michael Berlouis, a CFA charterholder, has a Master’s degree in Finance and Economics from the London School of Economics and Political Science.
Mr Berlouis said: “I am delighted to join the Air Seychelles team as the airline embarks on the next significant chapter of its development.”
Michael’s experience in aviation-related financial roles provides a strong foundation to support the national airline as it grows its network, ensuring that Air Seychelles continues to strengthen its business and achieve its commercial objectives.
Mr Berlouis takes over the role from Abdul Mohsen Al Sayegh, who is returning to Abu Dhabi to take up the position of Vice President Finance of Etihad Airways Engineering, Hala Group and Etihad Airport Services, following a successful secondment at Air Seychelles.
Mr Kinnear thanked Mr Al Sayegh for his strong contribution to the airline, saying: “By focusing on managing costs and building revenue, Abdul Mohsen played a key role in the continuing profitability of Air Seychelles.”
“We wish him well in his new role as Vice President Finance in the Etihad Aviation Group.”
About Air Seychelles
Air Seychelles was established in 1978 and began long-haul service in 1983. The airline currently offers international flights to, Johannesburg, Mauritius, Mumbai and Tel Aviv. Air Seychelles also offers more than 350 domestic scheduled flights a week throughout the archipelago, including domestic charter services. As the national airline of the Republic of Seychelles, Air Seychelles is a pillar of tourism, the island nation’s strongest and growing economic sector. The airline maintains a strategic partnership with Etihad Airways, the national airline of the United Arab Emirates and 40 per cent stakeholder.