Fastjet suspends Fly540 services in Ghana and Angola

Today’s announcement follows the statement issued by Fastjet on 29 April when it declared that the loss-making Fly540 businesses in Ghana and Angola were to be restructured as they were operating on a traditional airline model and not the Fastjet low cost model.
Fastjet CEO, 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."
In today’s statement Fastjet said that although Ghana presents very significant long-term opportunities for the low-cost model; in the short term it intends to fully focus on the “considerable potential of opportunities” in East and Southern Africa, adding “this legacy 540 operation is not therefore part of the core low cost Fastjet model”