Fastjet Incorporates Kenyan Company

Low-cost carrier fastjet has taken another step towards its plan to launch pan-African operations by incorporating fastjet Kenya

Low-cost carrier fastjet has taken another step towards its plan to launch pan-African operations by incorporating fastjet Kenya and applying for its air service licence (ASL).

The ASL application process requires airlines to formally submit a detailed business plan incorporating its proposed operation, network, aircraft specification, operational plan and commercial strategy.

To comply with local airline ownership rules, a Kenyan national owns 51 per cent of the equity of fastjet Kenya, with the balance being held by fastjet.

TAGS: Africa
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