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Troubled AirBaltic Signs Ex-Malev Chief As CEO

Sat Oct 22, 2011 4:23 am

The troubled Latvian national carrier airBaltic Friday signed former Malev Hungarian Airlines chief Martin Gauss to a one-year contract as its new CEO at a salary equivalent to about USD 32,000 per month, the airline announced. Gauss replaces Bertold Flick who was forced to step down because of airBaltic's bleeding financial situation.

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