Jetmagic chief in 'surprise' resignation

THE chief executive of fledgling airline Jetmagic has left unexpectedly for "personal reasons".

Chief executive Patrick Raftery has been involved with Jetmagic for over two years and was one of the founders. He has been piloting the carrier since it began flights in March, but has left the company in a surprise move.

Mr Raftery resigned at a board meeting yesterday morning citing personal reasons. A spokesman for the airline said that the announcement was unexpected. "The resignation came as a surprise and is a matter of regret for the company."