Restructuring update with regards to Fly540 Ghana

Following on from its statement on 29 April, 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 business model; in the short term the company intends to focus on the considerable potential of opportunities in East and Southern Africa, and the legacy 540 operation is not considered to be part of the core fastjet model.

fastjet says it will continue to provide additional updates as appropriate.

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