Lonrho Aviation's Fly540 Reports Strong Demand
December 19 2011 - 5:23AM
RNS Non-Regulatory
TIDMLONR
Lonrho PLC
19 December 2011
19 December 2011
Lonrho Plc
Lonrho Aviation's Fly540 Reports Strong Demand
Lonrho Plc is pleased to announce that following the successful
opening of the third strategic hub for Fly540 in Ghana, its
regional African airline business, Fly540, is expecting record
passenger numbers for the month of December. Load factors across
East Africa, Angola and Ghana based on passengers flown and forward
bookings will exceed 80% for the month.
Fly540 currently flies in Kenya, Tanzania, Southern Sudan,
Uganda, Angola and Ghana and is planning on opening routes to
additional countries early in the New Year based on the increasing
demand for this low cost model.
Fly540 Kenya celebrated carrying its one millionth passenger in
August this year and is reporting strong year on year passenger
growth.
In Angola, additional aircraft have already been sourced to meet
better than forecast demand with two further ATR 72's mobilising in
January 2012. Fly540 Angola is running at almost full capacity with
a load factor over 85% expected for December. The arrival of these
further aircraft will increase the destinations flown domestically
in Angola over the coming months and Fly540 Angola is planning to
build capacity to service a domestic route network of 15
destinations throughout Angola.
Fly540 Ghana which launched operations recently has seen an
impressive immediate demand and will have 80% + load levels in
December.
David Lenigas, Executive Chairman of Lonrho Plc commented:
"The demand for quality regional aviation in Africa is clear and
with the three hubs of Fly540 now operational in Kenya, Ghana and
Angola, the airline is delivering on its objective of creating a
first world pan African service. Building on the strong base now
implemented, the airline will continue to grow in 2012 and expand
the network with the deployment of further aircraft and new
routes."
Enquiries
Lonrho Plc +44 (0) 20 7016 5105
David Lenigas
Geoffrey White
David Armstrong
Pelham Bell Pottinger +44 (0) 20 7861 3232
Gavin Davis
Charles Goodwin
Charlie Harrison
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRABGBDDBBBBGBC
Lonrho (LSE:LONR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Lonrho (LSE:LONR)
Historical Stock Chart
From Jul 2023 to Jul 2024