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Fastjet agrees to establish low cost airline with Red1

14-Jun-2013 2:31 PM

Fastjet signed (13-Jun-2013) an MoU with Nigeria’s Red1 to establish a low cost airline. The airline will operate within Nigeria and across Africa. Fastjet plans to take a minority shareholding in the airline to be known as Fastjet Nigeria and said the capital required for the venture will be the responsibility of Red1. [more - original PR]