EasyJet founder Stelios Haji-Ioanno is pressing forward with his African airline initiative with the planned acquisition of a controlling stake of Fly540. Haji-Ioanno’s Fastjet Rubicon Investment company in what is defined as a reverse takeover will integrate with Lonrho Aviation, which owns part of Fly540 in a deal valued at for $85.7 million. Lonrho will hold a 73.7% controlling stake in the new Rubicon, with Haji-Ioanno’s EasyGroup holding a separate stake and two seats on the board ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "EasyJet Founder Buys Angola's Fly540".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.