History
The airline was founded by Puerto Rican businessman Joaquín Bolivar as Executive Air Charter in 1979, and on September 15, 1986 joined the American Eagle system. It became an AMR Eagle subsidiary on December 7, 1989. It is a subsidiary of AMR Eagle Holdings Corporation which operates American Eagle Airlines Inc., and Executive Airlines Inc. Both are subsidiaries of AMR Corporation, the parent of American Airlines. It has 2,125 employees (at March 2007).
In late 2007, it was announced AMR plans to "spin off" Executive Airlines Inc., which according to the filing, carries the American Eagle name. In the American Airlines Inc., 8k SEC filing dated November 29, 2007, "The planned divestiture would include both American Eagle Airlines, Inc., which feeds American Airlines hubs throughout North America, and its independently certificated regional carrier affiliate, Executive Airlines, Inc., which carries and d/b/a American Eagle in name throughout The Bahamas and the Caribbean from bases in Miami and San Juan, Puerto Rico."
On July 8, 2008, American Eagle Inc, announced changes in leadership at its San Juan-based Executive Airlines operation in which Ed Criner, Executive’s current president, will return mainland to oversee one of American Eagle’s largest operations at Chicago O’Hare airport, and Pedro Fabregas, Vice President - Finance and Planning for Executive, will become President - Executive Airlines. Fabregas, a 25-year industry veteran, joined American Airlines in 1983 and quickly progressed through a number of management positions. He moved to Executive Airlines in 1998 as Director - Finance and Administration, and has since contributed in a variety of roles, including Vice President - Sales, Marketing and Planning.
In 2005, Fabregas was selected by the Senate of the Commonwealth of Puerto Rico as one of the most important business leaders in Puerto Rico.
Read more about this topic: Executive Airlines
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