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Home Industries Corporate deals

Deal: Fastjet Plc Partner Nigeria’s Red 1 Airways To Operate Low Cost Airline

Nairametrics by Nairametrics
June 14, 2013
in Corporate deals
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Fast Jet

Fastjet Plc has signed a Memorandum of Understanding with Nigeria’s Red 1 Airways Limited to operate a low-cost airline in Nigeria and destinations across Africa.

A statement by Fastjet on Thursday said the airline would be branded Fastjet Nigeria, and the capital required for this venture will be provided by Red 1. Fastjet Plc.

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A commercial arrangement will exist between Red 1 and Fastjet for the provision of the Fastjet brand, operational framework and management services.

Fastjet signs MoU with Red 1 Airways

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