Fastjet hires Angus Saunders as new finance director

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Pan-African low-cost carrier Fastjet has replaced its finance director within one fortnight of launching operations.

Angus Saunders will take over from Richard Blakesley with immediate effect, though the former CFO will continue in a consulting capacity during a transition period.

"Richard has played a major role in the various transactions that have transformed Fastjet from a cash shell to a successful low cost African airline in the past 12 months," says executive chairman David Lenigas.

"It was always intended that once Fastjet operations were launched Richard would step aside and hand over to a finance director with operational airline experience. We thank him sincerely for his commitment and contribution."

Saunders, a chartered accountant, has been working with Fastjet as a consultant since July. He has more than 18 years of experience in the aviation industry, including serving as CFO at Russian low-cost carrier Avianova.

Blakesley will be issued with 5 million ordinary shares in Fastjet after stepping down from the board.