Monday 25 September 2017

The Punt: Walsh among the high-flyers attending aviation summit

Willie Walsh
Willie Walsh
Gail McEvoy

NEXT week, aviation bosses from around the world will gather at a global summit in Amsterdam to thrash out the issues facing the sector.

Among those treading the boards will be IAG chief executive Willie Walsh, Ryanair chief operating officer Michael Cawley, Christoph Muller from Aer Lingus, CityJet's Christine Ourmieres and a host of other leaders.

The head of Emirates, Tim Cook, will also be there but no sign – yet – of Etihad's James Hogan on the agenda provided by the Centre for Aviation.

Etihad and Emirates have just signed deals to buy tens of billions of dollars worth of aircraft from Airbus and Boeing.

It is a dramatic statement of intent for the pair as they continue to stamp their footprint all over the world. One of the discussions at the forthcoming event is how Gulf carriers are shifting the balance of global aviation power and will explore how European airlines respond.

Mr Mueller has recently predicted that European airlines will have to terminate routes to Asia within two years if Gulf rivals can secure more liberal traffic rights.

Both Etihad and Emirates operate very busy services from Dublin to Abu Dhabi and Dubai respectively, with a big chunk of the traffic heading on to Australia.

The summit will also hear from Tony Davis, a partner with the Ryan family's Irelandia investment vehicle and also of VivaColombia. He was CEO of Tiger Airways, which the Ryans invested in, from 2005 to 2011.

McEvoy joins the number crunching elite

The Punt is delighted to extend hearty congratulations to Drogheda-based accountant Gail McEvoy on her elevation to the Board of the International Federation of Accountants (IFAC).

IFAC is the worldwide organisation for the accountancy profession and comprises 173 members and associates across 129 countries.

As a past president and vice president of CPA Ireland, Gail McEvoy, is no stranger to the cut and thrust of accountancy industry bodies.

Still, with operations in 130 countries and two and a half million members, the International Federation of Accountants is a step into a much bigger league for the Irish woman.

Gail McEvoy was one of four new members elected to the multi-national board yesterday – alongside Michael Hathorn (United Kingdom), Sebastian Owuama (Nigeria), and Wienand Schruff (Germany).

They will serve alongside re-elected members, Ana Maria Elorrieta (Brazil) and Robert Harris (United States).

Now that's about the most diverse set of accountants The Punt has ever come across.

On the board of New York-based IFAC, they'll be involved in developing and promoting global standards for the accountancy industry worldwide. The Punt wonders whether that will include the lack of a regulation here, and in some other jurisdictions, about just who can and cannot call themselves an accountant. It is certainly a bug bear of Irish number crunchers.

Economist gets it Dwight with honour

UNIVERSITY of Ulster economist Professor Neil Gibson has been chosen for a prestigious Eisenhower Fellowship award – the only Northern Ireland person to receive the honour this year.

Professor Gibson, director of the NI Centre for Economic Policy (NICEP) at the University of Ulster, will take part in a seven-week programme in the United States, where he will focus on the role of economics as a dynamic social science as well as the importance of economic literacy in a world characterised by globalisation, international markets and world-wide competition.

"It is an honour to be selected as an Eisenhower Fellow for 2014. I am humbled and look forward to meeting the rest of the fellows," he said.

Now in existence for 60 years, the international leader exchange programme was established to celebrate President Dwight D Eisenhower's first birthday in the White House.

Irish Independent

Also in Business