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Home Business News Corporate deals

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

Ugodre Obi-chukwubyUgodre Obi-chukwu
10 years ago
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.

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

Tags: News Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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