REUTERS
An African low-cost airline, which is the brainchild of easyJet founder Sir Stelios Haji-Ioannou, has moved closer to take off.
An African low-cost airline, which is the brainchild of easyJet founder Sir Stelios Haji-Ioannou, has moved closer to take off.
Sir Stelios has taken a five percent stake in a new venture which is expected to operate in Kenya, Tanzania, Ghana and Angola.
The service came a step closer after investment company Rubicon bought the aviation arm of African group Lonrho in a deal worth ?55-million.
Sir Stelios's easyGroup will own five percent of Rubicon, which will eventually rebrand Lonrho's planes as Fastjet.
After plans for Fastjet were unveiled last year, easyJet vowed to fight Sir Stelios if the new carrier infringed on the rights of the airline and its shareholders.
Following the announcement, Sir Stelios said: ?This is another small but significant step in bringing the dream of low cost air travel to millions of people in Africa.
?A successful low-cost carrier can encourage those people, who have never travelled by air, to fly.? - Belfast Telegraph
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