Styling itself as “Africa’s first pan-African low-cost carrier,” Fastjet certainly looks like an airline in a hurry. Having opened its base in Dar es Salaam, Tanzania, only late last November, it now plans to launch operations in Kenya, Angola and Ghana this year, starting with five Airbus A319s it aims to acquire during the first six months of its expansion and 15 within a year. It also hopes to benefit from the wreckage of South Africa’s low-cost sector with its pending acquisition of defunct 1Time Airline.
Stelios Haji-Ioannou, who established and whose family retains almost 40 percent of British low-cost carrier (LCC) EasyJet, has partnered with UK entrepreneurs wanting to buy aviation companies.
ATR plans to deliver more than 60 new aircraft this year and expand production capacity to answer a surge in demand for its regional turboprops, while increasing its revenue to more than $1.3 billion. Meanwhile, the company continues to contemplate a bigger aircraft, possibly a stretched version of its newly announced ATR 72-600.
London-based investment conglomerate Lonrho unveiled plans last month to develop what it calls the first true pan-African airline with a new fleet of eight 66-seat ATR 72-500s.