Honegger agrees terms with SAirGroup
The outgoing chairman of the embattled SAirGroup, Eric Honegger, has agreed a severance package with the company amounting to one year's salary.
A statement issued by the Zurich-based airline conglomerate said Honegger had accepted the deal and agreed to forego any subsequent claims "in the interest of reaching a rapid and harmonious solution to this issue".
The announcement ends several days of speculation over the exact nature of Honegger's contract with the company.
Last week it was reported that Honegger had asked SAirGroup to honour a new contract, signed in December last year, guaranteeing him a salary up until 2005, plus bonuses and free first class travel for both him and his wife.
Honegger, who officially steps down on Wednesday, strongly denied the claims but admitted there was disagreement between the two sides over his contract.
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