Fastjet back in the news: New LoCo for Africa?
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Fastjet back in the news: New LoCo for Africa?
The Daily Telegraph seem to think so.....
Sir Stelios and Rubicon explore low-cost airline for Africa - Telegraph
Sir Stelios and Rubicon explore low-cost airline for Africa - Telegraph
Rubicon said in a statement: "easyGroup will become a shareholder in Rubicon and 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.
Under the proposed agreement, easyGroup would take a 5pc stake in Rubicon, with an option to increase its stake by a further 10pc.
easyGroup will also earn a royalty fee for 10 years in relation to the use of the fastjet.com brand. Sir Stelios announced plans to launch a new carrier called fastjet in September.
The plan is to hire a team of five aviation executives, selected and led by Sir Stelios.
The proposed new airline still have to be voted on at Rubicon's annual meeting on December 13."
Under the proposed agreement, easyGroup would take a 5pc stake in Rubicon, with an option to increase its stake by a further 10pc.
easyGroup will also earn a royalty fee for 10 years in relation to the use of the fastjet.com brand. Sir Stelios announced plans to launch a new carrier called fastjet in September.
The plan is to hire a team of five aviation executives, selected and led by Sir Stelios.
The proposed new airline still have to be voted on at Rubicon's annual meeting on December 13."
easyGroup's experienced aviation management team
