Local airline Fly540, which suspended its operations in May this year, is expected to bounce back in the coming months.
Civil Aviation Authorities tell Kasapafmonline.com that the domestic airline operator, which was sold by parent company Fastjet for a nominal consideration of one dollar, will resume operations as Royal Fly540.
The new name is made possible by a restructuring of its operations by the new owners, this website has been told.
Fastjet in June completed the sale of the loss-making Ghana subsidiary.
Sold to airline DWG-G for $1 (£0.63), it was sealed off to pave way for Royal540, insiders say.
The carrier recorded losses before tax of $11.3m. The company was bought by Fastjet from Lonrho Aviation in July 2012.
“The disposal of Fly540 Ghana is a great step forward in Fastjet’s restructuring plans for our legacy businesses.
“While west Africa remains of interest to us as a low-cost market in the future, our current focus is on expanding our footprint in eastern and southern Africa,” Fastjet chief executive Ed Winter said when the deal was sealed.
By: Kasapafmonline.com/Ghana
