fastJet signs MOU with Kenyan airline Jetlink

Africa's first low-cost carrier fastJet has signed a Memorandum of Understanding with Kenyan airline Jetlink.

Africa's first low-cost carrier fastJet has signed a Memorandum of Understanding with Kenyan airline Jetlink.

Under the terms of the memorandum, fastJet and Jetlink will be working together to create a joint venture providing a platform for the launch of the fastJet brand in Kenya.

Jetlink is a Kenyan airline that was launched in 2004 and has traffic rights to all domestic destinations in Kenya as well as a number of regional destinations. Its operations had been temporarily suspended since November 2012 while the company was restructured.

Advertisement - Article continues below

Ed Winter, Chief Executive Officer of fastJet commented on the signing of the agreement: "This project represents a great opportunity for both parties and discussions are progressing well. A Joint Venture between fastJet and Jetlink will facilitate the launch of the fastjet brand in Kenya within the net few months with immediate access to domestic and regional destinations.

He added: "Kenya is the major destination in East Africa and launching here is an important step towards fastJet becoming a pan-African low cost airline, bringing safe, reliable and affordable air travel to more and more people."

Jetlink Chief Executive Officer Captain Elly Aluvale, commented: "We are looking forward to this prospective joint venture. We believe the partnership will be mutually beneficial and will go a long way in meeting the current demand for capacity on Kenya's domestic and regional routes. It will also generate new traffic as passengers are attracted by low fares, made possible by fastJet's low-cost operating model."




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


These seven charts show exactly why you must own gold today

Covid-19 is accelerating many trends that were already in existence. The rising gold price is one such trend. These seven charts, says Dominic Frisby,…
3 Jun 2020
EU Economy

Why a stronger euro is good news for investors

The fragile state of the eurozone has for a long time brought the threat of deflation. But the ECB’s latest moves have dampened those fears. John Step…
5 Jun 2020

Disease, rioting and mass unemployment – so why are markets soaring?

Despite some pretty strong headwinds in the last year, America’s S&P 500 stock index is close to all-time highs. John Stepek explains why markets seem…
4 Jun 2020