UK 06:53 Wednesday, 21 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Ed Winters the CEO of Fastjet (FJET) had wanted to stay on the payroll for 12 months after a new captain of the low cost airline Titanic could be found. Sir Stelios of Easyjet wanted him out now - even with no CEO in place - and also demanded the head on a platter of General Counsel Krista Bates. Ed & Krista squirmed but with Sir Stelios owning 12.6% of the shares and the money running out, Ed and Krista have gone. Krista cleared her desk today, Ed clears his on Friday.
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Comments
wildrides
Well it was announced in January ………..hardly news
Tom Winnifrith
Wildes.
take Lenigas’ cock out of your mouth, read the RNS’s why Stelios called the EGM etc and you will see that – not for the first time – you are 100% wrong on a matter of fact.
T
Duck and Dive
More manic speculation presented as fact.
As clearly stated by the company one week ago, it doesn’t need to raise any cash. Why don’t you call them liars? In fact, please call them liars.
wildrides
I have never met Del boy …………… ever ……..so it must be you that has cock in Del Boys mouth . Plus I am not a homosexual anyways .
From todays RNS
“As announced in January, headhunters have been appointed to search for a new Chief Executive Officer and assist the Board’s Nomination Committee to identify suitable candidates. A further announcement will be made in due course.”
I rest my case my lord .
TW NOte Wildes, Stelios called an EGM to out Winter now and to stop him staying on as a consultant for 12 moths after he eventually found a CEO as he had planned. And also to out Krista. So it was a change. You lose your case as you clearly cant read an RNS As oft noted...you will swallow anythingnigel somerville
D&D red rags and all that!
Daniel Victor
At least if this one keeps going,I can save it as a tax loss for whenever it’s convenient…….
Duck and Dive
By the way, the going price today for a Fastjet one-way ticket from Dar es Salaam to Johannesburg over Easter holiday period is $600. You can check this by doing a dummy booking yourself at fastjet.com
Even a 10-minute flight to Zanzibar is going for $150 a seat, one-way.
And Fastjet is next week doubling its daily flights from Dar es Salaam to Nairobi.
Just saying…
James
Interesting dispute brewing per latest company RNS, which helpfully draws attention to a letter from Stelios, who fears imminent bankruptcy it would seem, arising from poor business practices, that might not have been spotted otherwise! ;-)
http://www.investegate.co.uk/fastjet-plc—fjet-/rns/fasjet-response/201603180700085037S/
http://easy.com/fastjet/4385-sir-stelios-demands-resumption-of-fastjet-monthly-passenger-load-reporting.html