FRANKFURT—Fastjet CEO Ed Winter had bold plans to launch Africa’s first LCC in 2012, operating dozens of aircraft within a year, but three years after the carrier’s debut, the venture is still far from where he had planned it would be.  The airline’s fleet still consists of only three Airbus A319s, which it operates from its single base in Dar es Salaam, Tanzania. The once-planned expansion into major African economies like Kenya, Angola, Ghana and South Africa ...

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