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Fastjet Agrees To Form Low-cost Airline With Nigeria’s Red 1 by omophilip: 1:36am On Jun 14, 2013 |
Fastjet, the African budget airline backed by EasyJet founder Stelios Haji-Ioannou, has agreed to create a low-cost airline operating within Nigeria and across Africa with Nigeria’s Red 1 Airways. Fastjet said on Thursday it had signed a Memorandum of Understanding with Red 1 and that it planned to take a minority shareholding in the entity to be known as Fastjet Nigeria. The capital required for the venture will be the responsibility of Red 1, Fastjet said in a statement. http://kumkumba..com/2013/06/fastjet-agrees-to-form-low-cost-airline.html
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