fastjet and Red 1 Airways to create Fastjet Nigeria

fastjet and Red 1 Airways signed (13-Jun-2013) a MoU to create a low-cost carrier in Nigeria under the Fastjet Nigeria brand. The new airline will be funded by Red 1 and fastjet will hold a minority shareholding. fastjet CEO Ed Winter said, "The combination of Fastjet's brand and experience and Red 1's extensive knowledge of the local aviation market and Nigerian business landscape, is a perfect foundation for a great airline." [more - original PR]