Fly540 Angola

Fly540 Angola
IATA ICAO Callsign
5G ? ?
Founded 2009
Commenced operations January 2011
Ceased operations May 2014
Hubs
Fleet size 2
Destinations 5
Parent company Fastjet
Headquarters Luanda, Angola

Fly540 Angola was a subsidiary of Fly540 that was based at Quatro de Fevereiro Airport in Luanda and Cabinda Airport in Cabinda, Angola. Parent company Fastjet suspended its operations in May 2014 pending restructuring, although it never resumed flights.

One of Fly540 Angola's ATR 72-200s, parked at Mönchengladbach in 2012

History

Fly540 Angola was established in 2009 as a subsidiary of Kenya-based Fly540.[1] It was the first privately owned airline in Angola. The subsidiary was created as Fly540 felt there was a lack of domestic and regional air service in and out of Angola.[2]

Fly540 faced difficulties in launching Fly540 Angola, as Angola was under scrutiny by the International Civil Aviation Organization (ICAO) and state-owned TAAG Angola Airlines had been placed on the EU blacklist due to safety concerns.[3][4] Operations were expected to begin in 2009[1] but did not commence until January 2011.[5]

Fly540 Angola had bases in Luanda and Cabinda, the centre of the Angolan oil industry.[2] It struggled in the market and accumulated losses.[5]

In June 2012, parent company Fly540 was acquired by Rubicon Diversified Investments, which made all of Fly540's subsidiaries part of its new venture Fastjet.[6] However, in May 2014, Fastjet suspended Fly540 Angola's operations in order to restructure the airline from its full service model to Fastjet's low cost model.[7][8]

Fastjet then sold off Fly540 Angola's fleet and the airline never resumed operations.[9]

Destinations

At the time of its suspension, Fly540 Angola flew to the following destinations.[7]

Angola

Fleet

Fly540 Angola operated a fleet of two ATR 72-200 aircraft at the time of its suspension.[7]

See also

References

  1. 1 2 "Angola: Airline Fly540, of the Lonrho group, ready to start flight to Luanda soon". Macauhub. 30 April 2009. Retrieved 29 January 2016.
  2. 1 2 Maritz, Jaco (30 March 2011). "New breed of airlines opening up African skies". How We Made It in Africa. Retrieved 29 January 2016.
  3. ↑ Thome, Wolfgang H. (22 December 2010). "Fly 540 finally takes to the skies in Angola". eTurboNews. Retrieved 29 January 2016.
  4. ↑ Schlumberger, Charles E. and Weisskopf, Nora. (2014). Ready for Takeoff?: The Potential for Low-Cost Carriers in Developing Countries. Washington, DC: World Bank Publications. p.106.
  5. 1 2 "TAAG Angola Airways boosts capacity, justifying Angola's investment in airport infrastructure". CAPA - Centre for Aviation. 22 July 2013. Retrieved 29 January 2016.
  6. ↑ "Lonrho sells Fly540 to Rubicon as basis for new African LCC FastJet". CAPA - Centre for Aviation. 14 June 2012. Retrieved 29 January 2016.
  7. 1 2 3 "Fly540 Angola ops suspended as fastjet moves to restructure". Ch-aviation. 1 May 2014. Retrieved 29 January 2016.
  8. ↑ "fastjet to restructure Fly540 operations in Angola and Ghana". CAPA - Centre for Aviation. 30 April 2014. Retrieved 29 January 2016.
  9. ↑ "fastjet sells Fly540 Ghana to DWG-G for $1". Ch-aviation. 23 June 2015. Retrieved 29 January 2016.

External links

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