DFS will replace its entire senior executive team at the end of this year.
That should put a stop to the NATS takeover stories!
"German air navigation service provider DFS will replace its entire senior executive team at the end of this year.
The supervisory board has decided not to extend the contracts of chief executive and board chairman Dieter Kaden, Jens Bergmann, director finance and human resources, and Ralph Riedle, managing director operations, at the end of 2012.
Bergmann has been central in the remuneration conflict with air traffic controllers, which led to planned industrial action in August, although this eventually did not take place.
A DFS spokeswoman said that none of the executives' contracts were prematurely ended. "
Now its just about the 50m hole in the budget this year. Hold on for a rough ride!
Katie