Fly540 targets continued growth in under-served African market
Lonrho Group, which owns a 49% stake in Fly540, stated the African LCC is seeking to continue to expand in the underserved African market with the launch of the Angolan and Ghana units of the carrier and continued organic and aggressive growth in its home market, Kenya. Lonrho added that the Fly540 network is building towards carrying half a million passengers p/a with the carrier reporting revenues of GBP21.5 million in the 12 months ended Sep-2010.
