Flybe chief government Saad Hammad has stepped down unexpectedly after three years within the position.
The Exeter agency mentioned he had left “with fast impact” and it was “time for a brand new CEO to guide the following section of Flybe’s long-term improvement”.
He shall be on gardening depart on his wage of £433,500 till October subsequent yr, the agency mentioned.
The information led to a fall of about three% within the Flybe share worth, which has since recovered a few of that loss.
He joined the airline in August 2013, however the agency has struggled financially, reserving a £35.6 million loss final yr earlier than swinging again right into a £2.7 million revenue in 2016.
Mr Hammad mentioned he was “very proud” of being behind a “main turnaround in Flybe”.