Should You Buy African Airline Stocks?

Photo by Plane Spotter NL

African airlines have been making news of late.

FastJet (RUBI:LN), a new airline backed by the head of EasyJet, will launch in Ghana in a matter of months. And, in June, Kenya Airways (KNAL:KN) concluded a capital-raise for the purpose of doubling its fleet of planes by 2016.

Both news items would seem to be bullish indicators for airline stocks.

Should investors be hopping on board or cooling their jets?