in Air Transport

Fastjet chairman resigns

Posted 25 November 2016 · Add Comment

Fastjet chairman Colin Child has resigned after the airline said it would seek more funds sooner than originally expected to achieve a turnaround after months of the company battling its second-biggest investor to retain him, reports Reuters.

The company said in a statement: "Having led the fund raising exercise in July this year Child believes that it would not be appropriate for him to continue in this role given the company is initiating, sooner than originally expected, a further fund-raising exercise.”

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