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.
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