Fastjet, Africa's first low-cost airline, said passenger figures from its first month in the air demonstrated the latent demand for low cost reliable air travel on the continent.
Chief Executive Ed Winter said that concerns over infrastructure had proved unfounded with no scheduled Fastjet flights cancelled and 99.6 % arriving within 15 minutes of schedule.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Investors should buy into the nuclear power renaissance – Merryn Somerset WebbOpinion A new golden age for nuclear power is upon us, says Merryn Somerset Webb
-
ETFs are getting active - is your portfolio ready?Active ETFs are on the rise, challenging old assumptions. Find out why more investors are choosing this transparent, liquid and tax-efficient fund structure as an active investment strategy.
