EasyJet founder to launch low-cost airline in Africa

BelindaJacob

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Nov 24, 2008
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A new budget airline backed by easyJet founder Stelios Haji-Ioannou will soon take to the African skies, promising to bring low-cost flights to millions of people in the continent.

Dubbed Fastjet, the no-frills carrier is expected to launch in three to four months, aiming to cash in on Africa's robust economic growth and a growing appetite for travel by its burgeoning
middle class.

The new business will start operations using Lonrho existing network in Ghana, Kenya, Tanzania and Angola, before expanding to more markets in the future.

"These four countries are currently experiencing great GDP growth, along with oil and gas discoveries and developments," says Ed Winter, chief executive of Fastjet.

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