London, England (CNN) -- A new budget airline backed by easyJet founder Stelios Haji-Ioannou will soon take to the African skies, promising to bring low-cost flights to millions of people in the continent. Dubbed Fastjet, the no-frills carrier is expected to launch in three to four months, aiming to cash in on Africa's robust economic growth and a growing appetite for travel by its burgeoning middle class. The move comes after Haji-Ioannou's easyGroup teamed up earlier this month with pan-African conglomerate Lonrho to create the low-cost carrier. Lonhro, owner of budget airline Fly540, has agreed to sell its aviation business to investment firm Rubicon Diversified Investments, in which easyGroup will hold a 5% stake.
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EasyJet founder Stelios Haji-Ioannou has joined forces with Lonhro to launch Fastjet
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The low-cost airline will operate from Ghana, Kenya, Tanzania and Angola
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Low prices will democratize air travel in Africa, say Fastjet executives
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Challenges include airport infrastructure, high taxes and fuel duties
For @placeholder, with its densely populated cities separated by great distances -- this means a potential new market of millions," he said after the reverse takeover by Lonhro.