American Airways has promoted Meghan Montana to vp and treasurer.
In her expanded function, Montana will likely be liable for the airline’s treasury actions, together with company finance, international banking and money administration, in addition to fleet transactions, asset administration, insurance coverage and gas 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 easiest mates I’ve ever had on this enterprise,” mentioned Kerr.
“He’s the preeminent aviation financier on this planet, 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 group,” added Kerr.
“Tom has helped us develop his successor and we’re grateful to have discovered that particular person in Meghan.
“She has an excellent popularity and terrific relationships within the banking world, which have benefited American vastly this 12 months.
“She’s the right particular person to construct on the work Tom has carried out as we proceed to navigate these extraordinary instances.”
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 organize greater than $20 billion in financing this 12 months to strengthen American’s monetary place.
