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Fri,17Nov2017

Fastjet

Aviation: African budget carrier Fastjet picks new CEO from rival Mango Airlines

Nico BezuidenhoutAfrican budget airline Fastjet Plc said on Thursday it had appointed the outgoing CEO of rival Mango Airlines as its chief executive, sending its shares 16 percent higher.

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Aviation: Budget carrier Fastjet seeks East Africa and Southern Africa expansion

African budget airline Fastjet Plc said it raised gross proceeds of about 50 million pounds ($75 million) through a share issue to fund its expansion and acquire aircraft.

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Africa's low-cost airlines struggle to takeoff

Purchaser Fastjet will have to wait for its welcome aboard Fly540/Photo©FREDRICK ONYANGO/NATION MEDIA GROUPPredictions of huge passenger growth should mean the sky's the limit for low-cost airlines on the continent. In fact the opposite is true. Protectionism and fuel costs are seeing low-cost start-ups drop like flies, leaving Fastjet to pick up the pieces – not without its own trials.

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