Fastjet’s new CE mulls smaller planes to revive Africa airline
Fastjet’s new CE said he may replace the carrier’s planes with smaller ones and move its head office to a city somewhere on the continent from London to help end losses. The Airbus A319 jets used by Fastjet may be too large for the markets they serve, Nico Bezuidenhout said. It also doesn’t make sense to run an African airline “from 5,000 kilometres away,” according to the executive, who moves to his new post from South African Airways Aug 1. Former Fastjet CE Ed Winter quit amid clashes with investor Stelios Haji-Ioannou after warning that full-year earnings would miss analyst estimates and that the company was running short of cash. Bezuidenhout said the carrier must modify the low-cost model to better fit Africa’s operating environment. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-06-17/unaligned/fastjet2019s-new-ce-mulls-smaller-planes-to-revive-africa-airline
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Fastjet’s new CE mulls smaller planes to revive Africa airline
Fastjet’s new CE said he may replace the carrier’s planes with smaller ones and move its head office to a city somewhere on the continent from London to help end losses. The Airbus A319 jets used by Fastjet may be too large for the markets they serve, Nico Bezuidenhout said. It also doesn’t make sense to run an African airline “from 5,000 kilometres away,” according to the executive, who moves to his new post from South African Airways Aug 1. Former Fastjet CE Ed Winter quit amid clashes with investor Stelios Haji-Ioannou after warning that full-year earnings would miss analyst estimates and that the company was running short of cash. Bezuidenhout said the carrier must modify the low-cost model to better fit Africa’s operating environment. <br/>
