Sir Stelios Haji-Ioannou is looking to develop his planned no-frills airline in Africa.

Nestor Bailly, PSFK
Nestor Bailly, PSFK on December 7, 2011. @NKBailly

Sir Stelios has signed a deal with investment company Rubicon Diversified Investments to develop an aircraft business model for Africa.

Rubicon Diversified Investments has links to African company Lonrho.

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