Tanzania-based fastjet has signed a memorandum of understanding with Kenyan airline, Jetlink. Under its terms, fastjet and Jetlink are working together to create a joint venture that will give a platform for the launch of the fastjet brand in Kenya.
The MoU is subject to a number of conditions precedent including board and any other necessary approvals.
Jetlink is a Kenyan airline that was launched in 2004 and has traffic rights to all domestic destinations in Kenya, as well as a number of regional destinations.
Jetlink operations have been temporarily suspended since November 2012 while the company is restructured.
Ed Winter, Chief Executive of fastjet, said: “This project represents a great opportunity for both parties and discussions are progressing well. A joint venture between fastjet and Jetlink will facilitate the launch of the fastjet brand in Kenya within the next few months with immediate access to domestic and regional destinations.”