Directorate Change

RNS Number : 6664L

Fastjet PLC

13 January 2016

 

fastjet Plc

("fastjet" or the "Company")

13 January 2016

Board Changes

fastjet Plc today announces that Ed Winter has decided to step down as the Company's Chief Executive. He will remain in post until a new Chief Executive is appointed and stay at the Company in an advisory capacity for an agreed period of time to assist with the handover of responsibilities and ensure an orderly transition.

Headhunters will be appointed to commence the search for a new Chief Executive and assist the Board's Nomination Committee to identify suitable candidates. A further announcement will be made in due course.

fastjet Chairman Colin Child, said: "Over the past four years, Ed has made significant and sustained progress towards fastjet's goal of becoming Africa's first true low-cost pan-African airline. Despite being confronted with numerous challenges, Ed has succeeded in successfully opening hubs in Tanzania and Zimbabwe, providing multiple domestic services, and has won international rights to fly from Tanzania to South Africa, Zambia, Zimbabwe, Uganda and Malawi. Recent approval to operate flights to and within Kenya is also a major step forward in growing the airline's route network.

"The Board is enormously grateful to Ed for his leadership and expertise in launching fastjet and the pivotal role he has played in fastjet's development. He leaves with our very best wishes."

Ed Winter commented: "I feel privileged to have had this unique and exciting opportunity to lead an incredible team in changing the face of African aviation. I am particularly pleased to have achieved the very significant launch of flights to Kenya this week, a milestone that I believe signals a major change in fastjet's ability to grow.

"We have built a great platform from which the Company can achieve its vision of being the first significant pan-African low-cost airline. Following four intensive years of work and overseas travel, I am looking forward to spending more time on my other personal and professional interests. Once the handover process is complete, I look forward to watching fastjet's continued progress."

For more information, contact:

fastjet Plc	Tel: [phone]
Ed Winter, CEO
Rose Herbert, Investor Relations Manager
UK media - Citigate Dewe Rogerson	Tel: [phone]
Angharad Couch
Eleni Menikou
Nick Hayns
South African media - Tribeca Public Relations	Tel: [phone]
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:

Liberum Capital Limited - Nominated Adviser and Joint Broker	Tel: [phone]
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Broker	Tel: [phone]
James Joyce
Mark Leonard
Sanlam Securities UK Limited - Joint Broker	Tel: [phone]
Simon Clements

NOTES TO EDITORS

About fastjet Plc

fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. fastjet Zimbabwe was successfully launched in October 2015. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. Utilising its fleet of Airbus A319s, fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline.

The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

For more information see www.fastjet.com

 

END

 

 

BOAEADFAFAPKEAF