African low-cost carrier Fastjet has struck a deal to sell its stake in loss-making Fly540 Kenya for a nominal fee and is considering replacing it with a new venture, Fastjet Kenya. Fly540 Kenya formed part of Lonrho Aviation, a legacy business that Fastjet acquired to establish itself in the African market. “After a thorough and lengthy evaluation of Fly540 Kenya, we concluded that converting the business into the Fastjet low-cost model would not be economically viable,” Fastjet ...

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