| Mon 19 Dec 2011, 14:45 | | LAF - Lonrho Plc - Lonrho Aviation`s Fly540 reports strong demand |
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LAF
LOLAF
LAF - Lonrho Plc - Lonrho Aviation`s Fly540 reports strong demand
LONRHO PLC
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813
("Lonrho" or "the Company")
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
19 December 2011
South African sponsor
Java Capital
Date: 19/12/2011 14:45:01 Produced by the JSE SENS Department.
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