FastJet disposal of Fly540 Ghana – For $1

fastjet has announced that it has signed an agreement to dispose of its interest in Fly540 Ghana Limited the loss-making investment it had previously acquired from Lonrho Aviation in July 2012. This is in line with the Company’s previously announced strategy to exit from certain territories operated before the establishment of the fastjet brand in Tanzania and elsewhere. fastjet CEO Ed Winter commented: “The disposal of Fly540 Ghana is a great step forward in fastjet’s restructuring plans for our legacy businesses. Whilst West Africa remains of interest to us as a low-cost market in the future, our current focus is