Saad Hammad
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Mr Hammad mentioned he was “very proud” of being behind a “main turnaround in Flybe”

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”.

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