Lonrho Announces Expansion of Fly540 African fleet with Three BAE 146 Aircraft

24 October 2007
Content from a Premium Partner
Lonrho (London)
press release

Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African investments, is pleased to announce that it is adding three BAE 146 aircraft to its African fleet.

The aircraft, two BAE 146-300 100 seaters and one BAE 146-200 70 seater will be delivered within the next eight weeks and will expand the Fly540 operational network across sub-Saharan Africa.

These aircraft are part of a planned rollout of twelve aircraft for the Company over the coming year. This will continue to develop the airline model from its operational base in Kenya to other hubs across sub-Saharan Africa.

The Fly540 airline model is to create a mixed fleet of jets and turbo props that provide East to West and North to South pan African transport routes. The Company deploys modern aircraft, operated to international standards.

David Lenigas, Lonrho's Executive Chairman commented:

"Fly540's success in Kenya has demonstrated the market demand for a quality airline operating across the African continent. I am delighted that Fly540 is now the choice of international carriers for flying their passengers within Africa. Fly540 is set to fly to eight African countries early in 2008."

ENQUIRIES

  • Lonrho Plc +44 (0)20 7016 5105
  • David Lenigas, Executive Chairman +44 (0)7881 825 378
  • Geoffrey White, Chief Executive Officer +44 (0)7717 307 308
  • Emma Priestley, Executive Director +44 (0)7867 785 177
  • Pelham PR Charles Vivian +44 (0) 20 7743 6672, +44 (0) 7977 297903
  • James MacFarlane +44 (0) 20 7743 6375, +44 (0) 7841 672831
  • Collins Stewart Europe Hugh Field +44 (0) 20 7523 8350 Jonny Sloan

NOTES TO EDITORS

About LONRHO:

Lonrho Plc is an expanding conglomerate that is rapidly growing a successful business throughout Africa. The Company is listed on the London AIM stock exchange (LONR). Lonrho is strategically focused on the development of business opportunities in infrastructure, transportation, support services and natural resources. The Company has over 20,000 shareholders and substantial institutional backing to support its mandate to build a profitable business that plays a fundamental role in the development of the African economy.

Since 2006, the Company has invested in or acquired control of:

  • Hotel Cardoso - www.hotelcardoso.co.mz (retained)
  • Nare Diamonds - www.narediamonds.com
  • Luba Freeport - www.lubafreeport.com
  • Fly540 - www.fly540.com
  • Norse Air - www.norseair.co.za
  • Swissta Holdings - www.swissta.com
  • SA Independent Liner Services
  • Bytes and Pieces
  • Celsys Limited – www.celsys.co.zw
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