Stelios' fastJet sets date for Africa take-off
Wednesday 04 July 2012
FastJet, the new budget African airline brand that easyJet founder Sir Stelios Haji-Ioannou is trying to get off the ground, has chosen Airbus A319 aircraft and says it could be flying passengers by October.
The airline came about after a reverse takeover, finalised last month, in which infrastructure group Lonrho put its existing African aviation business — focusing on Kenya, Ghana and Tanzania — into AIM-listed cash shell Rubicon. Sir Stelios took a 5 per cent stake.
FastJet said yesterday that it will lease at least five Airbus A319 in the next six months and up to 15 within a year. Rubicon's chief executive Ed Winter, who previously worked at British Airways' budget offshoot Go, said: "The decision to launch with the Airbus A319 enables us to expand rapidly [with] passenger numbers doubling from current levels within six months."
Africa's aviation industry is valued at an annual $56bn (£35.7bn) but is known for a poor safety record and unreliability.
- 1 Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Woolwich murder: They killed, then they performed - these men should be starved of our attention
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
BMF is the UK’s biggest and best loved outdoor fitness classes
Get the latest on The Evening Standard's campaign to get London's children reading.
Win anything from gadgets to five-star holidays on our competitions and offers page.