Fastjet – low cost African Airline launches

Fastjet also said it had signed a new three year equity financing agreement for up to US$23.5 million with Darwin, a subsidiary of Henderson Global Investors Volantis Capital.

Fastjet’s Airbus A319s will initially be based in Dar es Salaam, Tanzania, but expansion to Kenya is planned for later this year.

Whether the low-cost model will become a resounding success will depend on much more than just airline economics. The willingness of African governments to liberalize is a key factor in Fastjet’s development.

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