Stelios closes in on Fastjet lift off

EasyJet founder Sir Stelios Haji-Ioannou has moved closer to the lift off of new African budget airline Fastjet.

The carrier is expected to be based in West Africa operating a fleet of 15 leased aircraft. Fastjet aims to link six countries in the region to the Ghanaian capital of Accra.

Stelios’ EasyGroup agreed to become a shareholder in Rubicon Diversified Investments in December and has now agreed a brand licence deal for the use of the Fastjet brand, according to the Sunday Times.

Rubicon said at the time it will use the services of Stelios and EasyGroup’s experienced aviation management team to provide “general strategic, management and branding advice” on the feasibility of implementing a low cost, point-to-point, no frills, all jet aircraft business model for Africa.

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