BusinessCompany NewsCFO resigns at Excel Airways

CFO resigns at Excel Airways

Resignations follow accounting investigation

Paul Roberts, chief financial officer at Excel Airways, the UK charter
operator, has resigned with immediate effect along with the airline’s chief
operating officer Steven Tomlinson.

Excel Airways is currently caught up in an accounting investigation centred
on catering contracts with Alpha Airports.

The resignations follow an announcement this week that parent company,
Icelandic-based Avion Group, intended to strengthen the management of Excel and
establish an independent audit board.

Excel denied that the resignations of Tomlinson and Roberts were connected
with the Alpha investigation.

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