Fastjet says in partnership talks with Emirates

Thursday, 6 December 2012 00:41 - - {{hitsCtrl.values.hits}}

Reuters: Low-cost African carrier Fastjet Plc said it was in potential partnership talks with Emirates Airline, sending it shares up as much as seven per cent on London’s AIM.

“Talks are at an early stage but this represents a great opportunity for both parties,” Fastjet Chief Executive Ed Winter said in a statement.

Fastjet, which began commercial flights last month, was set up after British investment firm Rubicon acquired the aviation unit of industrial group Lonrho Plc for $ 86 million in June.

The low-cost carrier had said on Tuesday that it was in talks with liquidators to buy struggling South African budget airline 1time.

Africa’s fledging aviation market is poised for growth as consumer demand in the resource-rich continent rises.

Middle East carrier Emirates uses its Dubai hub to connect travellers in Africa to the rest of the world.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.