Royal Fly-GH

Royal Fly-GH
IATA ICAO Callsign
5G FOX ?
Founded 10 November 2008 as Fly540 Ghana
Commenced operations November 2011
Hubs Kotoka International Airport
Destinations 4
Parent company DWG-G Co Ltd
Headquarters Cantonments, Accra
Key people Samuel Palmer Wesley-Quaison, president
Website fly-gh.com

Royal Fly-GH is a Ghanaian airline based at Kotoka International Airport in Accra. Previously using the name Fly540 Ghana, it suspended operations in May 2014 but will resume flights by late 2016.

History

Royal Fly-GH was founded as Fly540 Ghana, a subsidiary of Fly540, on 11 November 2008.[1] It began operations in November 2011, flying to Accra, Tamale, Kumasi, and Takoradi.[2]

In June 2012, Fly540 and its subsidiaries were acquired by Rubicon Diversified Investments, which intended to absorb the airlines into its new venture Fastjet.[3] However, in May 2014 Fastjet decided to suspend Fly540 Ghana's operations, as it needed to transition the airline's full-service model to Fastjet's low-cost one.[4] In addition, Fly540 Ghana had been accumulating considerable losses, totaling USD11.3 million (before taxes) by the end of 2014. Fastjet then sold off Fly540 Ghana's fleet, a single ATR 72-500.[5]

In June 2015, Fastjet sold Fly540 Ghana to DWG-G Co Ltd for only USD1.00.[5][6][7] Within a week of the decision, the Ghana Civil Aviation Authority (GCAA) announced the airline would be rebranded as Royal Fly-GH and would soon resume operations.[8] The resumption of service was expected to occur in October 2015,[9] but it may happen by the third quarter of 2016.[1] However, Citi Business News reported in June 2016 that the resumption may be delayed as Royal Fly-GH has yet to complete the processes for further clearance from the GCAA.[10]

Corporate affairs

Royal Fly-GH is owned by DWG-G Co Ltd, a UK-based firm.[5] From 2010 to 2012 it was a subsidiary of Fly540 (owned by Lonrho Aviation),[2] and from 2012 to 2015 it was owned by Fastjet/Rubicon Diversified Investments.[6]

Destinations

Royal Fly-GH will fly to the same destinations that Fly540 Ghana flew to. It will also explore international destinations.[9]

Country City Airport Notes Refs
Ghana Accra Kotoka International Airport [Hub]
Ghana Kumasi Kumasi Airport
Ghana Takoradi Takoradi Airport
Ghana Tamale Tamale Airport

Fleet

Royal Fly-GH is in the process of obtaining new aircraft, as its sole aircraft, an ATR 72-500, was sold off by Fastjet during the suspension.[5]

See also

References

  1. 1 2 Eduku, Pius Amihere (29 March 2016). "Antrak, Fly 540 & City Link to resume operations this year". CitiBusinessNews. Retrieved 8 April 2016.
  2. 1 2 "Opportunities and challenges as Fly540, first pan-African airline, adopts Stelios' FastJet brand". CAPA - Centre for Aviation. 14 June 2012. Retrieved 26 January 2016.
  3. ↑ "Lonrho sells Fly540 to Rubicon as basis for new African LCC FastJet". CAPA - Centre for Aviation. 14 June 2012. Retrieved 26 January 2016.
  4. ↑ "Fastjet suspends Fly540 Ghana operations". CAPA - Centre for Aviation. 19 May 2014. Retrieved 26 January 2016.
  5. 1 2 3 4 "fastjet sells Fly540 Ghana to DWG-G for $1". Ch-aviation. 23 June 2015. Retrieved 26 January 2016.
  6. 1 2 "Disposal of Fly540 Ghana". Fastjet. 22 June 2015. Retrieved 26 January 2016.
  7. ↑ "Fly540 to resume operations soon -- GCAA". B&FT Online via Ghana Web. 27 June 2015. Retrieved 26 January 2016.
  8. ↑ "Revamped Fly540 Ghana to resume operations shortly". Ch-aviation. 29 June 2015. Retrieved 26 January 2016.
  9. 1 2 Lokko, Vivian K. (10 September 2015). "Fly 540 to resume operations in October under new name Royal Fly-Gh". citifmonline. Retrieved 26 January 2016.
  10. ↑ Eduku, Pius (29 June 2016). "Goldstar Air to begin operations by 2016 third quarter". Citi Business News. Retrieved 20 July 2016.
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