Report by
John Lavabre
VIRGIN
Express managing director John Osborne is to be replaced by the airline’s
director of flight operations Neil Burrows.
The
announcement comes as the airline releases its third quarter results to
September 30.
Highlights
of the results show:
* Pre tax
losses of £4.4 million
*
Scheduled revenue increased 14%
*
Operating expenses increased by 12.6% to £57.5 million.
Express chairman David Hoare said structural changes were continuing to improve
the business. This has included the closing of the airline’s Stansted base, the
cancellation of an order for 11 new aircraft and the return to the lessor of
another craft.