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The Canadian Press - ONLINE EDITION

Air Canada CEO Calin Rovinescu is the new IATA chairman for one year

MONTREAL - Air Canada chief executive Calin Rovinescu is the new chairman of the IATA board of governors, a trade association representing some 240 airlines.

Rovinescu's term is for one year, effective immediately.

He succeeds Delta Air Lines chief executive Richard Anderson whose term expired at the end of IATA's annual meeting and world air transport summit in Doha, Qatar.

Rovinescu joined Air Canada (TSX:AC.B) in 2000 and was chief restructuring officer during the airline's 2003-2004 restructuring before leaving to help found Genuity Capital Markets.

He was named chief executive of the airline in 2009.

The International Air Transport Association (IATA) helps formulate industry policy on aviation issues.

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