Fastjet suspends operations at its Fly540 Ghana subsidiary

Further to its statement on 29 April 2014, fastjet has announced that Fly 540 operations in Ghana are being temporarily suspended pending further restructuring.  Fly 540 has served notice on the leasing agreement it holds on one ATR aircraft in Ghana. As previously announced, fastjet has concluded that although Ghana presents very significant long-term opportunities for the fastjet low-cost model; in the short term the Company intends to fully focus on the considerable potential of opportunities in East and Southern Africa, and this legacy  540 operation is not therefore part of the core low cost fastjet model.