The new CEO said there would probably be jobs cut due to reduction to the flight schedule.

In reality the process to find a new CEO took approximately one year.

"We believe the time is now right to transition to a new CEO who can take the company to the next level," he wrote.

The new CEO asked staff what mattered to them and with senior colleagues used this feedback to create a clear set of values.

A new CEO will be appointed, probably in the next week.

The new CEO probably has no vision except cost cutting.

Is this what they brought in the new CEO for??

The company appointed a new CEO prior to the filing.

So why is naming a new CEO such a big deal?

Under its new CEO, this was gradually reduced to 3.22 million.