Finweek English Edition - - IN THE NEWS -

flyafrica isn’t the first low- cost hope­ful to be yanked off the run­way at the 11th hour. In their i ni­tial at­tempts to l aunch i n South Africa, Lon­don- l i sted Fast­jet and l ocal op­er­a­tor FlySafair were both stopped in their tracks. Fast­jet started its foray into the lo­cal mar­ket in 2012 with plans to re­turn the mor­tally in­debted 1time air­line to op­er­a­tion. When that fell through, the plan changed to a part­ner­ship with char­ter op­er­a­tion Fed­eral Air with a launch date in 2013. Three launch dates passed by and then, just as tick­ets were fi­nally about to go on sale, the air­line an­nounced it was ground­ing its much­hyped South African base to op­er­ate re­gional flights out of Tan­za­nia.

It didn’t stop there: Fast­jet’s first flight into SA from Julius Ny­erere Air­port in Tan­za­nia was also fraught with red tape and bu­reau­cracy as the l ocal depart­ment of trans­port

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.