Singapore Airlines (SIA) has appointed a new CEO, to take over from January 1 next year.
Goh Choon Phong will replace Chew Choon Seng as CEO when he retires at the end of December.
Goh has been with the company since 1990 and is currently executive vice president for marketing and the regions, a position he took up earlier this year, as well as chairman of SIA subsidiary SilkAir.
Previous to that he was president of Singapore Airlines Cargo for four years.
Outgoing CEO Chew said the time is appropriate for renewal of the leadership in SIA.
"The business has regained ground lost during the recession of 2008-9, the company is profitable and on an even keel, and I have had the privilege of leading this wonderful organisation for over seven years.
"It is timely for me to hand over to the next generation and move on," he said.
Chew has been CEO since June 2003, and has been the SIA Group for 39 years.
SIA also announced a rise in passenger demand (measure in revenue passenger kilometres) of 3.6% for the month of July, compared to July 2009. Global capacity was increased by 0.3%.
Of the regions, the Americas performed the strongest, with a rise in passenger demand of 5.6%, followed by East Asia (4.6%). Europe saw a weaker rise at 2.5%, while West Asia and Africa fell by 4.1%.
The airline said a general improvement in the economic environment had contributed to the higher passenger load factors.