CAPE TOWN: Low-cost airline fastjet has offloaded its loss-making Fly 540 Ghana business.
The business was acquired from Lonrho Aviation in July 2012 but has been in mothballs since May 2014, pending a sale or restructuring. It made a loss before tax of US$11.3mln in 2014.
Ed Winter, chief executive of fastjet, said the disposal of Fly540 Ghana was a major step forward in fastjet’s restructuring plan for its legacy businesses.
Whilst West Africa remains of interest to us as a low-cost market in the future, our current focus is on expanding our footprint in Eastern and Southern Africa,” Winter revealed.
fastjet has retained the right to discuss the introduction of the fastjet brand in West Africa when it considers the economic conditions and infrastructural environment to be more favourable,” he added.
