EasyJet founder Sir Stelios moves closer to low-cost African airline
Sir Stelios Haji-Ioannou, the founder of EasyJet, is set to launch a low-cost airline in Africa this year after taking a 5% stake in a new venture. The easyGroup tycoon, who is embroiled in a long-running boardroom battle with easyJet, is backing a carrier that will operate under his Fastjet airline and be run by former easyJet executives. Fastjet will operate from Kenya, Tanzania, Ghana and Angola. The ambition is to carry more than 12 million passengers a year, from the 500,000 at present, by cashing in on demand for regional travel from a burgeoning African middle-class. EasyJet remained tight-lipped about the move, referring queries to a statement made last year that said the Luton-based airline would take "necessary action" if Fastjet infringed its rights. However, Ed Winter, Fastjet's chief executive-in-waiting and formerly easyJet's chief operating officer, said the airline would avoid antagonising its European peer. "We have been 100% careful....