Washington, D, C., U.S.A.
March 18, 1997
Owing to recent failures to maintain the carrier's long distance expansion plan, airUS (113) announces that the company will be looking for a new CEO.
"Our fleet is under utilized, and the cost is rising. We are also facing increasing competition from other carriers on our Pacific routes."
The new CEO will replacing Duncan Martino, who joined airUS when it was found 2 years ago. Martino will be appointed as a board member.
"Interesting parties should contact us through the internal messaging system used by most industry members."
The profitability for airUS has been taking a hit since the recent plan from United American Airlines' (232) new domestic strategy to use 747s on major trunk routes.
This drove airUS into major international expansions, ordering new long haul planes and flying to new destinations.