FASTJET PLC - Take off on schedule

Thursday, Nov 22 2012 by

Fastjet (LON:FJET) aim is to eventually ferry 12 million passengers between cities in Africa using the low-cost blueprint patented in Europe – an undertaking that would require a 40 strong fleet, but which would create a US$1 billion turnover business. Africa's aviation industry is valued at an annual $56bn (£35.7bn) but is known for a poor safety record and unreliability. Fastjet aims to set a european standard for Africa and bring air travel into the budgets of every african.The company has licences to operate from hubs in Ghana, Kenya, Tanzania and Angola.

The driving force behind Fastjet is easyjet founder Sir Stelios Haji-Ioannou, who along with other former easyjet executives have spotted great potential in aviation,s last  " frontier territory ".

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Fastjet will be run by an experienced aviation team led by Ed Winter, former Chief Operating Officer at easyJet and founding director of low-cost airline Go, Chief Commercial Officer Richard Bodin, former Contracts Director at easyJet and Business Director of low-cost airline, Operations Director Rob Bishton, former Chief Pilot & Head of Aircraft Operations at easyJet and General Manager of Africa Kyle Haywood, former Chief Executive of Air Uganda.



Latest News : 22nd November 2012

Fastjet has announced that, ahead of flight operations scheduled for next week, its first branded Airbus A319 has arrived at its base in Dar es Salaam, Tanzania.

Full approval to operate the aircraft has been granted to the African low-cost carrier by the Tanzanian Civil Aviation Authority. Two more fastjet-branded A319s are planned to be en route early next week, to be in Dar es Salaam in time for the airline’s first flight, scheduled for Thursday 29th November.

Fastjet’s team of 35 pilots, 65 cabin crew and seven maintenance specialists are already on the ground actively preparing for launch.In a little over a week since tickets went on sale, fastjet has already taken over 8,000 bookings on the first two routes; enough to fill over 60 A319s.

The web site received over 20,000 hits in its first four days and the mobile site is now live.Commenting on the significant progress, fastjet chairman David Lenigas said: “As expected, plans for fastjet’s official launch of operations are moving ahead right on schedule and we are delighted with the level of interest so far.“Demand for seats is high and we are in great shape to start flying next week. We are delighted to have such a solid foundation to build upon.”

Further to the Company’s announcement on July 24th 2012, fastjet has now formally entered into the £5 million Equity Financing Facility with Darwin Strategic, the majority owned subsidiary of Henderson Global Investors’ Alphagen Volantis fund.The EFF covers a three year period.






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fastjet Plc is the holding company of airlines, such as fastjet Airlines Limited (fastjet Tanzania) and fastjet Zimbabwe. The Company is engaged in providing airline services. Its segments include Tanzania, Zimbabwe, Central and Angola. It operates approximately 10 routes to over 10 destinations in approximately six countries in Africa. Within Tanzania, the Company operates routes connecting Dar es Salaam to Mwanza, Kilimanjaro, Mbeya and Zanzibar, while in Zimbabwe it operates between Harare and Victoria Falls. It operates international routes from Tanzania to Kenya (Nairobi), South African (Johannesburg), Zimbabwe (Harare), Uganda (Entebbe) and Zambia (Lusaka). Its tickets are sold through travel agents, trade, Website bookings (desktop and mobile) and general sales agents, and in Tanzania, the Company runs its own sales offices. Its subsidiaries include Fastjet Aviation Limited, Fastjet Leasing PCC Limited, Fastjet Air TZ (BVI) Limited and Fastjet Leasing UK Limited, among others. more »

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easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts. The Company's total fleet of aircrafts is split between 156-seat Airbus A319s, 180-seat A320s and 186-seat A320s. It is also focused on operating its fleet of A320neo aircrafts. The Company's bases include the United Kingdom, Switzerland, Italy, France (Paris, Charles de Gaulle, Lyon and Toulouse), Amsterdam, Venice, Oporto, Lisbon and Barcelona. It operates in airports, such as Gatwick, Edinburgh, Nice, Milan Malpensa, Venice Marco Polo, Naples, Basel and Geneva. The Company offers a mobile application-only proposition, targeting customers wishing to switch flights at short notice on the day of travel, and also offers pre-purchased in-flight vouchers. more »

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2 Posts on this Thread show/hide all

Marc Benjamin 27th Nov '12 1 of 2

RNS - Tuesday 27th November 2012

" Fastjet Launch and agreement with Swissport announced "

Full statement Here



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Marc Benjamin 2nd Dec '12 2 of 2

Latest :

FastJet began full commercial services on Tuesday from Dar es Salaam’s Julius Nyerere Airport in Tanzania and reported higher than expected passenger numbers, with its first aircraft flying passengers from Dar es Salaam to Mwanza, and Dar es Salaam to Kilimanjaro in Tanzania. Eight sectors were flown, carrying more than 900 paying passengers and achieving an average booked load factor of 78%. Three of the eight sectors flown exceeded a load factor of 90%.

Fastjet,s ceo Ed Winter commented that between 1,000 and 1,500 bookings had been taken daily since tickets went on sale two weeks ago and demand for tickets have been overwhelming.Speaking to flightglobal reporters on launch day Ed Winters revealed that the carrier has already applied for flying rights to Nairobi and Mombasa in Kenya, Entebbe in Uganda, Kigali in Rwanda, and Juba in South Sudan.He said Its second base will be established in Nairobi in the first quarter of 2013, while subsequent bases will be added next year in the west African capitals of Accra, Ghana and Luanda, Angola.

Fastjet says it hopes to "democratise" air travel through what amounts to the first concerted attempt to introduce European-style LCC models across Africa.The airline also confirmed this month that it is investigating an "earlier-than-expected opportunity" to enter the lucrative southern African marketplace.

The company have also recently signed agreements with Swissport International for ground handling and Sabena technics for line maintenance.


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