Stelios Haji-Ioannou, one of the largest investors in Fastjet (FN, Dar-es-Salaam) (through easyGroup holding 12% of Fastjet shares), has demanded an extraordinary general meeting of shareholders to discuss the proposed dismissal of Fastjet's chief executive Ed Winter and one of its directors, Krista Bates.
Winter already announced in January that he was planning to step down once a successor is found but Stelios, also a very vocal critic of his start-up venture easyJet's management and board as well, prefers for Winter to be dismissed immediately.
Stelios has written to Fastjet's chairman Colin Child that he was of the opinion that the low-cost carrier had a way too high cost base with special attention paid to the costs of its UK headquarters close to London Gatwick. He also criticized "unrealistic revenue forecasts" made for Fastjet's expansion plans in 2016 in his letter, therefore proposing the dismissals.
Fastjet is planning to issue a public response to Stelios' letter in due course.
Gogo|Satcom Direct signed a second three-year preferred supplier agreement with Luxaviation Group, continuing the close relationship first forged between the business aviation operator and S...
HADID and Intercontinental Aviation Enterprise announced the establishment of Intercontinental Aviation Academy GCC, marking a significant milestone in aviation training within the region.Buildi...
The trade fair within the trade fair AERO Drones will continue to fly on its successful course at AERO 2025. This year, it will find a new home in Hall B4 on the first three days of the annual sh...
Pratt & Whitney will expand its global network of GTF engine maintenance providers to include Sanad Group, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dh...