in Air Transport / People

Fastjet appoints new CEO

Posted 10 June 2016 · Add Comment

Fastjet has appointed the former CEO of Mango Airlines to its board following shareholder Stelios Haji-Ioannou requesting the carrier reconsider its chairman.

Nico Bezuidenhout will step in as chief executive office on 1 August for a three month period.

"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," said Bezuidenhout.

Since the announcement, shares in the company have rapidly increased by up to 20pc.

Bezuidenhout joins Fastjet from Mango, the low-cost carrier subsidiary of South African Airways, where he has been CEO since it began operations ten years ago. During his tenure, he grew the airline's market share to 25 per cent of the South African domestic air travel market and the fleet to ten Boeing 737-800 aircraft. He also achieved the lowest unit cost within the South African aviation industry through high aircraft utilisation and sustained good load factors.

 

In addition to playing a pivotal role in the success of Mango, which has been profitable in eight of the past ten years, he also twice acted in the capacity of interim CEO of the parent company, SAA

 

Fastjet Chairman 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: "I am very pleased to be joining Fastjet at this stage in its development. 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."

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Rwanda launches ‘Bucket List Rwanda’ Travel Packages exclusively for Middle Eastern residents

The Rwanda Development Board, Rwanda’s governmental organisation responsible for promoting Rwanda’s tourism initiatives abroad, has launched luxury and weekend getaway packages, which have been exclusively tailored for

The new CEO of RwandAir takes up office

The outgoing Chief Executive Officer of RwandAir, Chance Ndagano has officially handed over to Yvonne Manzi Makolo after her appointment as the new Chief Executive Officer of RwandAir last Friday.

ATNS official elected to key Industry position

Air Traffic and Navigation Service (ATNS) SOC Senior Air Traffic Controller, Peter Van Rooyen, has been elected Executive Vice-President of the International Federation of Air Traffic Controllers' Associations (IFATCA).

Aviation Africa 2018 - it's a wrap!

Aviation Africa 2018 opened its two-day summit and exhibition with strong growth predictions for the African Aviation Market.

Emirates renews its support to Mauritius and Seychelles

Emirates has announced its renewed support to Mauritius and the Seychelles by extending its global marketing agreement with the respective Tourism Boards of the two countries.

Global standards collaboration key to future of ground handling

The International Air Transport Association (IATA) has highlighted three key priorities for the ground handling industry to support the growing demand for air travel: harmonizing global standards to improve safety, improving

TAA SK0902311218
See us at
Global Aerospace BT010518AirCargoAFA_BT220318210219AAD2018 BT