Fastjet restructuring Fly540 Ghana

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Further to its earlier statement (see story here), fastjet has announced that Fly540 operations in Ghana are being temporarily suspended pending further restructuring. 

Fly540 has served notice on the leasing agreement it holds on one ATR aircraft in Ghana.

“Management has been carefully considering how best to restructure the Fly540 business which we inherited, and this is a highly significant and very positive development in that process,” said fastjet CEO Ed Winter. “We are currently focused on expanding the low-cost fastjet network in East and Southern Africa by establishing bases in Zambia, Kenya and South Africa, and these plans are progressing well. However, our overall vision is to create a pan-African low-cost network and, as such, launching the low-cost fastjet model in both Angola and Ghana remains firmly part of the company’s long-term plans.”