Fastjet executive chairman Lenigas steps down

Fastjet (FN), Africa's low cost airline operating in Tanzania, said its Executive Chairman David Lenigas has stepped down with immediate effect.

Lenigas's words on twitter after he stepped down as fastjet's executive chairman.

In a statement made on  Monday, the company said that Chief Executive Ed Winter will take over Lenigas' responsibilities on an interim basis and the search for a permanent non-executive chairman was underway,

"This is a time of transition for fastjet both operationally and in terms of shareholder structure as its major shareholder, Lonrho, is likely to have a new owner in the coming weeks as a result of the current offer for Lonrho," said Lenigas.

"It therefore seems to be a good time for me to step down to pursue my other interests and handover the reins as fastjet moves to the next stage of growth," he said.

Fastjet was created with ambitious plans to create Africa’s first pan-continental airline. The airline currently operates short haul flights in Tanzania with plans to launch its operations in South Africa soon.