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.
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
The company's Chairman recently announced he would take an annual salary of just one pound.
David Lenigas said he was making the move "to help make a difference to Africa's future growth prospects".
-
Warning to up to 3.5 million unmarried couples who risk losing their share of the homeThe number of properties owned jointly but unequally by unmarried couples has jumped, leaving millions more exposed to problems if they decide to split. Here’s how to protect your assets.
-
UK interest rates: is a surprise cut on the cards?The Bank of England’s Monetary Policy Committee meets tomorrow (6 November) and while few analysts expect a cut, plateauing inflation and a weak economy could strengthen the case for an interest rate cut
