Air Berlin CEO Hunold to resign

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Air Berlin chief executive Joachim Hunold is to resign from the carrier, following the unveiling of a major restructuring programme aimed at returning the German airline to profitability.

Hunold intends to end his tenure as chief executive on 1 September, but said he wishes to remain a non-executive director at the airline.

He has suggested that Air Berlin board member Hartmut Mehdorn assume the role of interim chief executive.