Fastjet launches new route to Malawi
Africa's low-cost airline Fastjet has launched a new route to Malawi.
Fastjet
0.03p
16:49 21/08/20
FTSE AIM All-Share
753.12
16:50 25/04/24
Travel & Leisure
7,552.90
17:09 25/04/24
The flights between Dar es Salaam in Tanzania and Lilongwe, capital of Malawi, will be put on sale from Tuesday and operations will start in July.
Fastjet said it will initially operate twice weekly on Mondays and Fridays, with the lowest fare being $50 plus government taxes.
Chief executive Ed Winter said: "This significant step links two thriving commercial centres and provides the population of both countries with an affordable and reliable air services. Our lowest international fare of $50, available to early bookers, is expected to ensure strong demand."
Winter added the recent growth of Tanzanian domestic operations and the new route to Malawi will increase the group's aircraft utilisation and support the business case for an additional aircraft in the Tanzanian fleet.
Shares were up 1.26% to 100.25p on Tuesday at 0902 BST.
You may also enjoy reading:
Fastjet's maiden losses expand but revenues double thanks to passanger growth in Tanzania
Fastjet completes sale of Fly540 Ghana