Low cost African airline FastJet has confirmed it will have its first airbase in Tanzania. The airline will commence flying in November with seats going on sale online a few weeks earlier. Fares will be available from $20 one-way excluding taxes and charges.
Sir Stelios Haji-Ioannou is a step closer to forming a new low-cost African carrier following the $86 million sale of Lonrho’s aviation business to British-based investment firm Rubicon.
Sir Stelios Haji-Ioannou is planning to launch a new budget airline branded ‘Fastjet’ that will rival easyJet.
Sir Stelios Haji-Ioannou has dropped his demand for a shareholder meeting geared to expel an easyJet board member after the airline agreed to his demand to pay a dividend, according to reports.
Stelios Haji-Ioannou plans to delay the floatation of easyBus till at least 2012, despite the company making a profit for the fist time last year. The Greek-Cypriot billionaire said he was in “no hurry to float” the airport transfer business despite its improving figures, and would instead prefer to grow profits and cashflow first.
easyJet founder Sir Stelios Haji-Ioannou has accepted undisclosed libel damages over advertisements by Ryanair that accused him of lying. The Irish carrier ran adverts depicting Stelios as Pinocchio, suggesting he was lying about easyJet’s punctuality.
easyJet founder Sir Stelios Haji-Ioannou is calling an emergency meeting of shareholders this week in a bid to stop the budget carrier’s “overzealous” expansion plans. The call comes as the airline’s new boss has hinted a third party will be called in to review the company’s business model.
easyJet founder Sir Stelios Haji-Ioannou is taking to the witness box today in his High Court battle against the airline over a brand licence disagreement. Stelios, who recently resigned as a director but remains a significant shareholder, is suing easyJet over allegedly overstepping a brand licensing agreement.
Sir Stelios Haji-Ioannou has drawn up plans to use the easyJet name to launch an online travel agency, if the low-cost airline he founded changes its name.
The acrimonious departure of Stelios Haji-Ioannou from easyJet’s board could lead to the low-cost carrier dropping the word “easy” from its name. The airline has already drawn up contingency plans if it cannot find a resolution to the bitter dispute with the founder.
Stelios Haji-loannou told me: “Success is a journey not a destination.” I was interviewing Stelios to obtain an insight into what makes this man tick; what makes him pursue one challenge after another, when with his background of family wealth, he need never do another days’ work.