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Fastjet to move headquarters to South Africa

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Johannesburg - African discount airline Fastjet will switch to a fleet of Embraer SA regional jets from larger Airbus Group SE planes as new chief executive officer Nico Bezuidenhout seeks to stem losses by better matching capacity to demand.

The fledgling carrier will also move its headquarters to Johannesburg from London to pare expenses and bring the company closer to its key markets, Bezuidenhout, who took over as CEO last month, said in an interview in the African city, the base of his former employer South African Airways.

Fastjet will have returned three leased 145-seat Airbus A319 jets by the end of September and plans to sub-lease two, with a sixth, which it owns, up for sale. The carrier has agreed short-term leases on three Embraer E190s with fewer than 120 seats apiece, the first of which is due in Tanzania within two weeks.

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