Two of African budget carrier Fastjet’s loss-making Fly540 businesses are being restructured.
Two group-owned ATR aircraft previously operating in Ghana and Angola have been taken out of service and will be sold.
The Angolan operation has been temporarily suspended, pending the return to service of two leased aircraft following maintenance, while a leased aircraft continues to operate in Ghana.
Further details on the restructuring of both 540 operations will be announced in due course, Fastjet said today.
The Fly 540 businesses operate on a traditional airline model and not the Fastjet low cost model.
Fastjet interim chairman and chief executive Ed Winter said: “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.
“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.”