Fastjet has suspended all Fly540 operations in Ghana pending further restructuring, but is going ahead with plans to launch its low-cost model elsewhere in Africa, including a new base in South Africa.
The Group said that although Ghana had presented very significant long-term opportunities for the fastjet low-cost model, in the short term it planned to “fully focus on the considerable potential of opportunities in East and Southern Africa”.
Fastjet Chief Executive Officer, Ed Winter, commented: “Trying to transform something from an old-fashioned, African-style airline has been actually quite difficult... East and southern Africa are the key places in terms of the consumer markets, but when the time is right we can go over there... Aviation is definitely the way to move around that country.”
Not holding my breath.