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Bruggisser Steps DownFrom Leading SAirGroup
After months of rumors and bad news in SAirGroup's airline business, Philippe Bruggisser has stepped down as president and CEO of the Swiss aviation concern. It is understood that he was forced to resign, since the board of directors did not support his strategy of acquisitions any more. "The bottom line of the airline business must be successively improved," the board said. SAirGroup will continue to focus on its "two pillars," airlines and its profitable airline-related activities.