{"id":11423,"date":"2012-06-13T11:13:44","date_gmt":"2012-06-13T09:13:44","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/update-2-stelios-to-fly-again-with-african-airline-fastjet\/"},"modified":"2012-06-13T11:13:44","modified_gmt":"2012-06-13T09:13:44","slug":"update-2-stelios-to-fly-again-with-african-airline-fastjet","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-stelios-to-fly-again-with-african-airline-fastjet\/","title":{"rendered":"UPDATE 2-Stelios to fly again with African airline Fastjet"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Lonrho sells aviation unit to Rubicon for $86 mln<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Unit to become Fastjet, which will launch by year-end<\/p>\n<p><span><\/span><\/p>\n<p>* Stelios&#8217;s easyGroup to own 5 pct of Rubicon<\/p>\n<p><span><\/span><\/p>\n<p>By Rhys Jones<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, June 13 (Reuters) &#8211; EasyJet founder Stelios<br \/>\nHaji-Ioannou moved a step closer to setting up a new<br \/>\nAfrica-focused airline, Fastjet, after a British investment<br \/>\ngroup he is part of bought Lonrho&#8217;s African aviation<br \/>\nbusiness.<\/p>\n<p><span><\/span><\/p>\n<p>Lonrho, an industrial group with interests in Africa, said<br \/>\non Wednesday it had sold its aviation unit to British investment<br \/>\nfirm Rubicon for $86 million in Rubicon shares. As part<br \/>\nof the deal, Stelios&#8217;s easyGroup will own 5 percent of Rubicon.<\/p>\n<p><span><\/span><\/p>\n<p>Lonrho, which will own more than 50 percent of Rubicon on<br \/>\ncompletion of the deal, runs Fly540, a low-cost carrier that<br \/>\noperates in east Africa.<\/p>\n<p><span><\/span><\/p>\n<p>Fastjet, which plans to list on London&#8217;s junior AIM market<br \/>\nunder the Rubicon banner, will use the existing Fly540 platform<br \/>\nand expand its network, eventually folding it into the new<br \/>\nairline.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It is the optimum time to launch because Africa is hugely<br \/>\nunderserved from an aviation perspective. It is the last<br \/>\nfrontier for aviation,&#8221; said Ed Winter, the former easyJet chief<br \/>\noperating officer who will become Fastjet CEO.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Lonrho sells aviation unit to Rubicon for $86 mln * Unit to become Fastjet, which will launch by year-end * Stelios&#8217;s easyGroup to own 5 pct of Rubicon By Rhys Jones LONDON, June 13 (Reuters) &#8211; EasyJet founder Stelios Haji-Ioannou moved a step closer to setting up a new Africa-focused airline, Fastjet, after a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11423"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11423\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}