Europe

ESTONIAN AIR PRESIDENT AND CEO RESIGNS

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ESTONIAN AIR PRESIDENT AND CEO RESIGNS

Andrus Aljas president and CEO of Estonian Air has resigned from his post but will continue to work at the airline until the new CEO takes over on June 1, 2011.

Joakim Helenius, chairman of the Supervisory Council of Estonian Air, has indicated that the new CEO will be announced on June 1, 2011.

“Andrus Aljas carried out the responsibilities of Estonian Air President and CEO through a period of turbulent times, including the economic crisis and obscurity in ownership of the company. It is a sign of his strong management abilities that the Company managed to navigate through these challenging times and survived,” said Helenius.

“Having emerged from the economic crisis as a lean and fit enterprise, the Company is today in a position to explore all opportunities the crisis has opened up. The opportunity to build on the achievements made in recent years is best effected through a combination of new ideas based on extensive experience in the airline industry,” added Helenius.

Andrus Aljas joined Estonian Air on 7 June 2006, as member of the Management Board and Vice President Finance. Before joining Estonian Air, Andrus Aljas worked as CFO and Member of the Management Board of AS Viisnurk.