A little over a year ago, Ed Winter sat in his London office and talked about the future of Fastjet. The then-CEO of the first African low-cost carrier anticipated having a fleet of around 34 Airbus A320-family aircraft by 2018, generating annual revenues close to $1 billion. “It is all very doable,” Winter stated. As it turned out, nothing could have been further from the truth. At a time when the low-cost model is continuing its success story globally, ...

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