Fastjet

Fastjet Bows To Founder’s Call Removing CEO And General Counsel With Immediate Effect

Fastjet founder Stelios Haji-Ioannou has called for removing its CEO and suggested for other restructuring. Though the African budget carrier has decided for keeping the CEO as an advisor for another year, but finally decides to address its founder’s call. However, the founder has accused the Fastjet CEO for representing unrealistic revenue forecast.

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Shares of African budget airline carrier Fastjet drops on profit warning

Fastjet has issued a profit warning once again owing to weak demand for flight journey. The company projects 2016 results to be below analysts' projection.

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