18 Mar 2016 15:59
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Don't have an account? Click here to register.Fastjet promotes seconded deputy to finance chief
Fri, 05th Apr 2019 08:47
(Sharecast News) - Low-cost carrier Fastjet appointed Kris Jaganah to its board on Friday, tasking the former Stripes Aero director with the responsibilities of chief financial officer.Jaganah, who has acted as Fastjet's deputy CFO since October 2018, will replace outgoing finance boss Michael Muller, remained in his until the end of March to ensure a smooth transition.Bridgewater Administration, an accounting and administration services firm, seconded Jaganah to Fastjet for an initial secondment of three years, with the aim of utilising his strong IT and systems focus, together with his aviation experience, in order to drive enhancements in systems, reporting and data automation.Chairman Rashid Wally said: "I am delighted to welcome Kris into his new role. The range and depth of experience and expertise he brings will prove valuable as the Company moves forward through 2019 and beyond."Chief executive officer Nico Bezuidenhout added: "I would also like to personally thank Michael for his significant contribution and dedication to the Fastjet Board and senior management team. He leaves with our best wishes for the future."As of 0845 BST, Fastjet shares had slid 5.26% to 1.35p.
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18 Mar 2016 15:44
Fastjet director resigns amid row with easyGroup
(ShareCast News) - Fastjet's public spat with easyGroup led to the resignation of a board member late on Friday afternoon. After 1500 GMT, the Africa-based low cost airline announced Tim Ingram, easyGroup's representative on the board, had resigned with immediate effect. "The board has regrettably
Read more18 Mar 2016 08:39
Fastjet shares crash as it hits back at EasyGroup
(ShareCast News) - Tanzania-based budget airline Fastjet on Friday criticised easyGroup for going public with a letter relating to the two companies' contractual relationships and said it was seeking legal advice. Fastjet said that while it welcomes constructive engagement with all shareholders, it
Read more8 Mar 2016 10:49
Liberum downgrades Fastjet on short-term challenges
(ShareCast News) - Liberum downgraded African budget airline Fastjet to 'hold' from 'buy' and slashed the price target to 45p from 90p following a "disappointing" trading update, which has led the brokerage to cut its 2016 and 2017 forecasts. Liberum now expects a $20m loss in 2016, compared with a
Read more7 Mar 2016 08:43
Fastjet shares plunge after stark profit warning
(ShareCast News) - Fastjet's share price plunged early on Monday, after the Africa-focused airline issued a stark warning over its long-term viability as challenging market conditions in the continent continued. The AIM-traded low-cost carrier, affiliated with the easyGroup through a major sharehold
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