African low-cost operator Fastjet has suspended its Fly540 operation in Angola and will restructure both this division and its business in Ghana.
Two ATR turboprops operating in these countries have been withdrawn and will be sold, and the Angolan division is awaiting the return of two leased aircraft undergoing maintenance.
The Ghanaian operation is continuing to use a leased aircraft.
Fastjet says the Angolan and Ghanaian arms operate with a “traditional” airline model rather than its low-cost strategy, and both divisions are loss-making.
It says both countries offer “very significant long-term opportunities” for its low-cost model but, for the time being, it will “fully focus” on the south and east of the continent.
Fastjet is establishing bases in Zambia, Kenya and South Africa and says these plans are “progressing well”.
“Our overall vision is to create a pan-African low-cost network and, as such, launching the low-cost Fastjet model in both Angola and Ghana remains firmly part of the company's long-term plans,” says chief executive Ed Winter.