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Austrian Airlines Faces Uncertain Future
Austrian Airlines is facing uncertain times, after the airline said it expects a big loss for 2005 and CEO Vagn Soerensen told the board he will not extend his contract beyond next year.
Soerensen, a 45-year-old former SAS Group executive, said the reasons for his decision were of a purely private nature. After 20 years abroad, he wants to return to his home country, Denmark, with his family.