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 ...
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