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Fastjet adds Africa expert to board

The news comes as fastjet readies for the launch of the Zambia and Zimbabwe operations,

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Ingram represents easyGroup Holdings which holds a 9.9% stake in the company

Low cost carrier fastjet (LON:FJET) has added Africa expert and former Caledonia Investments (LON:CLDN) chief executive Tim Ingram to bolster its board.

Ingram, 68, has been added as a non-executive director.

He held the position at Zimbabwe-focused Caledonia for eight years before retiring in June 2010, and also been chief executive of a bank in the Democratic Republic of Congo.

The news comes as fastjet readies for the launch of the Zambia and Zimbabwe operations, expected in mid-November and early December respectively.

He is currently chairman of Greencoat UK Wind (LON:UKW), the European subsidiaries of QBE Insurance Group and of the Wealth Management Association.

Ingram represents easyGroup Holdings which holds a 9.9% stake in the company.

Quick facts: Fastjet PLC

Price: 0.17 GBX

AIM:FJET
Market: AIM
Market Cap: £6.46 m
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