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| One of Fastjet aircraft A319 |
The Government of Zambia is disappointed that Fastjet has
withdrawn its intentions to set up operations in Zambia.
Zambian Transport and Communications Minister, Kapembwa Simbao said
the newly-appointed executive chairperson of Fastjet informed the Government
that the new management had decided to shelve the Zambia investment portfolio
owing to unfavorable global economic conditions.
He said Fastjet remained committed to invest in Zambia once the
negative economic conditions changes.
"While Government is considering establishing its own
airline to help diversify the economy, we stand ready to invite new investors
in the domestic aviation sector," Mr Simbao said.
Source: Times of Zambia
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