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 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 iOS 8 apps and features: eight iPhone settings you need to look at after you install the update
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Khorasan: Muhsin al-Fadhli - the man leading a terror group more feared by US officials than Isis
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Alicia Keys leaks own nude photo 'to create a kinder and more peaceful world'
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...