Fastjet Plc (LSE:FJET) is a British-based holding company for a group of low-cost carriers that are, or are expected to be, operating in Africa. The company's stated aim is to become the continent's first low-cost, pan-African airline, and the operation was initially created with the acquisition of Fly540, an airline operating in East Africa; flights in Fastjet's own name commenced in November 2012 in Tanzania. In order to satisfy local ownership and other requirements, the current strategy is to create locally incorporated airlines to operate services using a common branding, operational standards and sales platform.