6 Nov 2015 09:43
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Don't have an account? Click here to register.Fastjet appoints Nico Bezuidenhout as new CEO
Thu, 09th Jun 2016 14:32
(ShareCast News) - Fastjet has confirmed they have appointed Nico Bezuidenhout as its new chief executive on Thursday.Bezuidenhout, 39, will join Fastjet on 1 August, after 10 years as chief executive of South African Airway's low cost subsidiary Mango Airlines. He was chief executive from the airlines inception and twice served as acting chief of the parent company.During Bezuidenhout's time at Mango, the airline's market share grew 25% of the South African domestic air travel market, the fleet grew to 10 Boeing 737-800 aircrafts, and was profitable for the past eight out of 10 years.The London-based company's previous boss Ed Winter left in March after being ousted by Fastjet's second biggest shareholder, easyJet founder Sir Stelios Haji-Iannou.Sir Stelios founded Fastjet and has a 12% stake. He claimed Winter had "burnt some £80m in the last three years".The pan-African airline warned in March that its full-year earnings would miss expectations with low demand and cash flow. Bezuidenhout joins FastJet with high expectations as the company has ambitions to become the first low-cost pan-African airline.Interim chief executive of Fastjet Colin Child said: "The board is delighted that Nico will be joining fastjet as CEO. He brings strong commercial and strategic skills and a wealth of experience of operating a low-cost carrier."This experience, together with his detailed knowledge of the markets in which Fastjet operates, will be invaluable to the company as it seeks to capture the growth opportunities in the region."Bezuidenhout added: "Although market conditions are currently challenging, I am confident that we can build on the airline's existing operational base to strengthen and develop the business and deliver on its considerable potential."
More News
4 Nov 2015 15:41
fastjet sees dip in passengers despite network expansion
(ShareCast News) - fastjet has seen a drop in passengers despite a recent expansion of its network. The Tanzania-based airline carried a total of 73,758 passengers in October, a drop of over 2,800 passengers from September. However, the airline has seen a 23% year-on-year increase in the number of
Read more29 Oct 2015 09:30
12 Oct 2015 08:01
Fastjet inches closer to flying in Kenya
(ShareCast News) - Fastjet's Kenya subsidiary has been granted an air service licence by the Kenya Civil Aviation Authority. The decision, announced on Monday, clears the way for the low-cost airline to take the next steps to operate domestic flights in Kenya. The AIM-listed company will now begin
Read more12 Oct 2015 07:30
8 Oct 2015 09:54
Fastjet signs sales deal with Emirates
(ShareCast News) - Fastjet and Emirates have signed a sales and distribution contract that will give passengers access to the African airline's growing route network. The AIM listed airline announced the agreement on Thursday, in which a bespoke link will be created between Emirates and fastjet's re
Read more7 Oct 2015 08:37
Fastjet gets licence to operate from Zimbabwe
(ShareCast News) - Low-cost airline Fastjet has been granted an Air Operator Certificate by the Civil Aviation Authority of Zimbabwe, which gives it a licence to operate both domestic and international routes within and from Zimbabwe. Fastjet Zimbabwe is now the second airline in the Fastjet network
Read more5 Oct 2015 08:50
Fastjet passenger numbers up 33pc year on year
(ShareCast News) - Fastjet has increased the number of passengers carried by 33% for the month of September compared to the previous year. The Tanzania-based airline revealed its passenger statistics for September on Monday. They showed a total of 76,595 passengers carried, representing 64% of avai
Read more28 Sep 2015 07:35
Fastjet takes delivery of first fully-owned aircraft
(ShareCast News) - African low-cost airline fastjet said it has received its first fully-owned aircraft. The AIM-listed company bought the Airbus A319 at a discount to the $15.5m (£10.2m) market value and took delivery last Wednesday. Fastjet chief executive Ed Winter said it was "the first (aircra
Read more