LonZim to launch Fly540 pan-African low cost airline in Zimbabwe

(XFN Asia) LonZim Plc stated it will launch its pan-African airline, Fly540, in Zimbabwe. The company said it has allocated a budget of USD3.3 million payable out of its cash resources to establish the airline in Zimbabwe and buy the initial aircraft for its fleet. Fly540 Zimbabwe will operate as part of the Fly540 Africa network and offer domestic and regional 'low cost' air travel to existing and new target markets.

 

The airline will deploy a mixed fleet of turbo prop and jet aircraft to assist with the development of the Harare hub over the course of the next 24 months.

Date posted: 20-Jun-08

 

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