Astraeus CEO Fulgoni to step down

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Mario Fulgoni, the chief executive of UK-based wet-lease specialist Astraeus Airlines, is to step down at the end of August.

Astaeus executive chairman Skarphedinn Steinarsson will step into the role of interim chief executive while the carrier looks to appoint a successor.

Fulgoni joined Astraeus as a founding director in April 2002. He moved to Alpha Aviation in 2005 and rejoined the company as chief executive in early 2008.