Fastjet appoints Michael Muller as CFO

Michael Muller

Fastjet Plc, an African budget airline said it has appointed Michael Muller as the airline’s chief financial officer.

According to a statement issued by Fastjet Michael Muller has worked in the airlines industry for a decade and held roles at South African Airways.

The appointment follows the departure of current finance head Lisa Mitchell, who has stepped down but would stay on until April 30 or shortly thereafter, to facilitate an orderly transition.

Fastjet also announced the appointment of Rashid Wally, chair of the audit committee at Mango Airlines, as non-executive chairman, its second appointment from the rival, having last year brought on its then CEO Nico Bezuidenhout for its top job.

According to Reuters News Agency, Fastjet’s former chairman resigned four months ago, after the carrier said it would seek more funds sooner than expected.

The company has seen a turbulent 2016, facing a cash crunch while being embroiled in a public battle with its second-biggest investor, easyJet founder Stelios Haji-Ioannou, over its policies and board structure.

It has also had to cut costs after struggling against tough conditions in its home market, Tanzania.

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