African low-cost carrier fastjet has sold a pair of ATR 72-500s formerly operated by Fly540 Ghana and Angola, as part of its previously announced restructuring of the two businesses. The two aircraft (MSN 949 and 826) are being acquired by Elix Assets 7 for a current market value of $21.4 million ($11.6 million for MSN 949 and $9.75 million for MSN 826). This will be paid directly to African Export-Import Bank (Afreximbank), which holds the financing facility for the aircraft; however, ...

Subscribe to Access this Entire Article

"Fastjet sells two former Fly540 ATR 72-500s" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.