Austrian Airlines is facing uncertain times, after the airline said it expects a big loss for 2005 and CEO Vagn Soerensen told the board he will not extend his contract beyond next year. Soerensen, a 45-year-old former SAS Group executive, said the reasons for his decision were of a purely private nature. After 20 years abroad, he wants to return to his home country, Denmark, with his family. During his tenure, Soerensen implemented significant changes at Austrian. He steered the ...
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