Nico Bezuidenhout returns to Mango as permanent CEO from 1 October 2019. Nico was the CEO of Mango for 13 years before moving in 2016 to FastJet.
This appointment by Zukisa Ramasia acting CEO of SAA (of which Mango is a subsidiary) is part of the group’s efforts to recover from years of losses.
The 42-year-old South African previously held the post for nearly a decade until 2016, when he joined Fastjet following tensions between the then-CEO and No.2 shareholder, easyJet founder Stelios Haji-Ioannou.
Fastjet, which operates in South Africa, Mozambique and Zimbabwe, Nico assisted in saving the company from going under after striking a deal to raise funds late last year.
We look forward to this appointment and wish Nico and the team all the best in saving our countries national
What does this mean for us as consumers? Both companies are good in their domains, with Travelstart very strong in providing low-cost airline tickets and Club Travel stronger in the corporate market. This acquisition by the founder of Travelstart Stephan Ekbergh makes perfect sense in growing its market share in a very competitive market.
“The deal is still subject to approval by the Competition Commission and no operational strategies have been put in place, the aim is for Travelstart to purchase 100% of the shares for the Club Travel Group. Thebe Tourism will then reinvest in Club Travel Corporate as the majority shareholder with Travelstart holding 46% of this division’s shares” [source tnw]
All the best to Travelstart and Club Travel. Let us see how this will affect us at Book Cheap Tickets.