Fastjet Names New Chief Executive

African budget airline Fastjet has appointed Nico Bezuidenhout as chief executive, filling a position that was vacant for nearly three months after the previous CEO resigned due to pressure form the company's second-largest shareholder.

Fastjet's former boss Ed Winter stepped down on March 18, weeks after Stelios Haji-Ioannou, who owns a 12 percent stake in the carrier through a private investment vehicle, called a general meeting to dismiss Winter.

Bezuidenhout will join Fastjet on August 1 from Mango Airlines, a low-cost carrier unit of South African Airways.