The company said it has hired the executive search firm Champion Scott Partners to conduct a search for a new CEO.
With Fly Your Ideas we want to excite young people about aviation and the fascinating opportunities it holds' said Charles Champion, Executive Vice-President Engineering at Airbus and Fly Your Ideas Patron.
Until she was declared winner of the by-election in the early hours of the morning, Ms Champion was chief executive of Bluebell Wood Children's Hospice in Rotherham, which opened in 2008.
BBC: Rotherham MP Sarah Champion says 'not career politician'
Ms Champion, chief executive of a children's hospice, said she was not a career politician and will serve "not for what I can get out of it but what I can put into it".
BBC: Rotherham by-election: Sarah Champion holds Labour seat
Chief Executive Victor Muller, an enthusiastic champion of the Saab brand, nonetheless was upbeat in a letter to shareholders.
The pair sprayed champagne while Red Bull team boss Christian Horner, three-time world champion Sir Jackie Stewart and Mercedes chief executive Nick Fry were also on hand to mark the unveiling.
"All I kept thinking as I watched the presentation today was that Apple just pulled a Secretariat, " said John Loughlin, executive vice president and general manager of Hearst magazines, referring to the champion thoroughbred.
That embarrassing split lasted just a few hours, with the rebels now saying they've made their point and are out supporting Sarah Champion who has made her name in the town as chief executive of a local children's hospice.
Then the 2-time consecutive finalist and defending champion Akron Zips (where my current university president was formerly a top executive).
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Even though President Obama is obviously no champion of constitutional separation of powers edicts, particularly as they relate to government executive and legislative branches, he may encounter some problems with this congressional circumvention strategy.
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This year's defending champion, Oracle Team USA, is owned by Larry Ellison, the billionaire chief executive of technology giant Oracle Corp.
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