EasyJet founder to launch low-cost airline in Africa
June 27, 2012 -- Updated 1118 GMT (1918 HKT
Foto via CNN
London, England (CNN) -- 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 move comes after
Haji-Ioannou's easyGroup teamed up earlier this month with pan-African
conglomerate Lonrho to create
the low-cost carrier. Lonhro, owner of budget airline Fly540, has agreed to sell
its aviation business to investment firm Rubicon Diversified Investments, in
which easyGroup will hold a 5 per cent stake.
The new business will start
operations using Lonrho existing network in Ghana, Kenya, Tanzania and Angola,
before expanding to more markets in the future.
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