Fastjet suspends Fly540 Ghana operations

16-May-2014 Low-cost African airline fastjet (LON:FJET) has temporarily suspended its loss-making Fly540 operations in Ghana until a restructuring of the legacy business is finalised.

The airline made the same move last month with its Angolan business, deciding to put both on the back burner as part of a review into Fly 540.

The group has decided to focus its efforts on East and Southern Africa, but has not ruled out a return to Angola or Ghana in the future.

The company said in a statement: “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.”