Fastjet in possible partnership talks with Emirates

Low-cost African carrier Fastjet Plc said it was in potential partnership talks with Emirates Airline, sending Fastjet's shares up as much as 7% on London's AIM, according to a Reuters report.
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Fastjet Chief Executive Ed Winter said in a statement: "Talks are at an early stage but this represents a great opportunity for both parties."

Fastjet, which began commercial flights last month, was set up after British investment firm Rubicon acquired the aviation unit of industrial group Lonrho Plc (LONR.L) for $86 million in June.

The low-cost carrier had said on Tuesday that it was in talks with liquidators to buy struggling South African budget airline 1time.

Africa's aviation market is poised for growth and Middle East carrier Emirates uses its Dubai hub to connect travelers in Africa to the rest of the world.

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