Showing posts with label Rubicon Investments. Show all posts
Showing posts with label Rubicon Investments. Show all posts

Saturday, July 7, 2012

► GHANA: FastJet aims for October launch with five A319s.

FastjetRubicon Diversified Investments PLC, parent company of soon-to-be TransAfrican LCC FastJet, has announced that the Airbus A319 has been selected for the airline's fleet with 5 expected to be leased for the first six months of operations, and 15 to be added within a year of launching, which is scheduled for October of this year.

In June, Rubicon announced  the successful completion of its deal with Lonrho Aviation and its airline Fly540, providing the merged group with existing aviation platforms and therefore easier access to already established markets, in Ghana, Kenya, Tanzania and Angola. 

Said Rubicon Chief Executive Ed Winter: 
"The decision to launch FastJet with the Airbus A319 enables us to expand rapidly with each aircraft potentially carrying around 250,000 passengers a year.  Rubicon expects passenger capacity to double from current levels within six months of the introduction of the A319 fleet.
"We plan to add at least five leased Airbus A319 aircraft to the fleet within six months of launch and up to 15 within a year."

FastJet A319 livery
FastJet A319 rendering.
Fleet uniformity is an important concept in the LCC model, as commonality of type allows for lower maintenance costs (as opposed to a fleet consisting of various types and makes of aircraft) thereby translating into lower fares. 

As per the original deal, fleet maintenance is to be carried out in Europe with a "major European MRO (Maintenance, Repair and Overhaul) company" said to have won that particular contract.

No clues as yet have been given as to which destinations will be served first, as FastJet is still negotiating with various African governments over incentives and reduced passenger taxes; issues that play a big part in determining where FastJet plays its first card.

Friday, June 15, 2012

► KENYA: FastJet shows off livery (Pics); Fly540 brand to go.

FastjetFollowing on from this week's acquisition of Lonrho Aviation (t/a Fly540), FastJet Ghana's parent company Rubicon Investments, of which Stelios Haji-Ioannou of EasyJet fame is a 5% shareholder, has outlined its plans and future prospects for the transformation of and integration of Fly540 into a Pan-African LCC giant.

A Low Cost Carrier headquartered in Nairobi, Kenya, Fly540 has franchises in Angola, Ghana, Tanzania and Ghana, and operates ATR 72s, CRJ-100s, DHC 8-100s and McDonnell Douglas DC 9s. Collectively, its route network includes various cities in Kenya, Tanzania, Angola, Burkina Faso, Ghana, Burundi, Liberia, Nigeria, South Sudan and Uganda.

FastJet Airbus airplane
A FastJet Airbus A319 rendering

Ultimately, FastJet aims to carry more than 12 million passengers a year, by focussing on Africa's burgeoning middle class - a phenomenon that is fast becoming a reality in Angola, Kenya and Nigeria, where substantial economic growth in recent years has meant more money in the pocket for the ordinary man on the street.
""If you take the four countries, they have a total population of 100 million people. If you estimate that all our customers come from just those countries alone, you could see three million of them becoming customers with us, flying a couple of times a year. That would generate something like 12.8 million passengers [annually]." "

At the helm of FastJet will be many of Haji-Ioannou's colleagues from his days at EasyJet: Richard Boden, a former Contracts Manager at EasyJet, Ed Winter, FastJet's new CEO and formerly easyJet's Chief Operating Officer, whilst Haji-Ioannou himself, will be a consultant.