A news release announcing Saunders departure said leaving for "personal reasons".
Saunders gave up his job as a Vice President of Star Alliance, the world's largest airline alliance, and joined Caribbean Airlines in October 2007.
In the statement from the airline, Saunders said he is "proud of the tremendous progress we have made....We continue to face many challenges and opportunities, and it's business as usual for all of us as we move forward."
Saunders is planning his exit as Caribbean Airlines is bidding to buy the struggling Air Jamaica. The Trinidad Express reported Tuesday that the deal would see a cash injection to start operating a new entity.
In order to complete the transaction, the paper said, the Jamaican government would have to close Air Jamaica and pay staff severance because Caribbean Airlines has no interest in taking on that excess baggage.
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