ASTRAEUS AIRLINES
COMMERCIAL AIRCRAFT SOURCING AND MANAGEMENT
PRESS RELEASE
August 16, 2011.
ASTRAEUS CEO FULGONI DEPARTS FOR NEW CHALLENGE.
Mario Fulgoni, Chief Executive of Astraeus Airlines Limited Astraeus Airlines Limited, the Gatwick-based aircraft leasing and management company, is to leave the business at the end of August 2011.
“This is an entirely amicable departure, and is something which I have been considering for some time. During my stewardship, my team and I have change the Astraeus business model from charter and scheduled service operator to an aircraft sourcing and management business. This has been against the backdrop of the turbulent times for our industry, and whilst I have enjoyed the challenge immensely, I now feel I have taken the business as far as I can, and, while it sounds clichéd, I now need a new challenge,” said Mario Fulgoni.
“I have enjoyed working closely with the Icelandic shareholders with whom I have had a good working relationship, and believe I will be leaving Astraeus well-placed in its market.
“As a life-long aviation professional, it is likely I will be staying in the sector and will undoubtedly be maintaining contact with the business, and very likely to work with Astraeus again from time to time, in some capacity,” said Mario.
Mario joined Astraeus Airlines Limited as a founding director in April 2002 before moving to Alpha Aviation in 2005 and returning to Astraeus to become Chief Executive in early 2008.
Pending the announcement of Mario’s successor as CEO, Astraeus Executive Chairman Skarphedinn Steinarsson will hold the post.
Astraeus Airlines operates a fleet of eleven Boeing 737 and 757 aircraft and one Airbus A320, all on contract with a number of airlines, primarily on an ACMI (aircraft, crew, maintenance, insurance) basis. During Mario’s tenure as CEO, Astraeus has achieved a worldwide Air Operator’s Certificate (AOC), 180 ETOPS and is IOSA accreditation. Astraeus is a wholly-owned subsidiary of Eignarhaldsfelagid Fengur HF which also owns Iceland Express.
Ends
Further information:
Iain Macauley
+44 (0)7788 978800 / im@pressrelations.co.uk / www.flystar.com
Twitter @AEU_Astraeus
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