Monday 22 August 2011

Air Berlin Plc Announces CEO Changes

04:59

Air Berlin Plc announced that Mr. Joachim Hunold intends to offer his resignation from the office as Chief Executive Officer of the Company as per September 1, 2011. Mr. Joachim Hunold would like to remain bound to the Company for the future as a Non-Executive Director and has recommended that Mr. Hartmut Mehdorn who is already a Member of the Board of Directors of the Company becomes his interim successor as Chief Executive Officer. Moreover, the Company informed that it has launched a package of measures that includes, inter alia, a capacity reduction by more than one million seats in the second half of 2011 and the ensuing reduction of the fleet by eight aircraft, the cancellation of unprofitable routes, flight frequency reductions, the partial withdrawal from regional airports, and the concentration on the Berlin, Duesseldorf, Palma de Mallorca and Vienna hubs.

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