Thursday , November 7 2024

Fastjet now majority owned by Solenta

Kampala, Uganda | THE INDEPENDENT | South Africa’s Solenta Aviation has become the majority shareholder in Fastjet PLC following the recent acquisition of additional shares.

Solenta Aviation increased its shares from 29.8% to 54.3% automatically placing it in the driving seat of fastjet and its operations in operations in Zimbabwe and Mozambique.

It is also understood that the Fastjet Zimbabwe shareholders will sell their majority share to a new Solenta controlled company, according to media reports.

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Fastjet Zimbabwe’s fleet has been boosted with another Embraer ERJ145 to cater for double daily operations between Harare and Bulawayo but to also enhance on time dispatch reliability on the other routes from Harare to Johannesburg, Harare to Victoria Falls and Victoria Falls to Johannesburg.

For Fastjet Mozambique are the prospects now bright as new routes are reportedly being lined up, not just domestic but also into the region.

Fastjet Tanzania will remain with two Embraer E190 aircraft while the planned introduction of three ATR72-600 aircraft has been shelved and the planes will be redeployed elsewhere.

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