With ambitious plans to create Africa’s first pan-continental airline, fastjet will bring
international standards of safety, quality, security and reliability.

Low-cost is quite simply the avoidance of costly frills, offering customers the lowest possible
fares in addition to pay-as-you travel extras. This affords passengers the flexibility to pay for
additional services such as a bag or refreshment rather than having to pay for it regardless
whether you want it or not.

Importantly fastjet low-cost definitely does not mean low quality. Despite the many challenges
that exist outside our control we will be open, honest, transparent and communicative to
ensure that your travel arrangements remain with the least amount of interruption.

------------------------------------------------------------------

Sir Stelios Haji-Ioannou, the founder of EasyJet, is set to launch a low-cost airline in Africa this year after taking a 5% stake in a new venture FASTJET PLC.

The easyGroup tycoon, who is embroiled in a long-running boardroom battle with easyJet, is backing a carrier that will operate under his Fastjet airline and be run by former easyJet executives.

Fastjet will operate from Kenya, Tanzania, Ghana and Angola. The ambition is to carry more than 12 million passengers a year, from the 500,000 at present, by cashing in on demand for regional travel from a burgeoning African middle-class.

Haji-Ioannou said the move would help bring low-cost air travel to more Africans. "This is another small but significant step in bringing the dream of low-cost air travel to millions of people in Africa – the aviation industry's last frontier. Past experience shows that by halving fares, a successful low-cost carrier can encourage those people, who have never previously travelled by air, to fly."

Well well, looks like for the 3rd day history repeating itself.

DOWN.

ohhhhh dear i wonder whats happening here.

Down over 8% and accelerating.

Yikes skinny.

Timing!

Fastjet upbeat despite director exit

Fastjet (FJET) on Tuesday claimed its aim to become Africa's first low-cost carrier was "well on its way to becoming a reality" as it revealed its passenger statistics for May.

Fastjet Tanzania was said to have taken in excess of $1.8 million (£1.2 million) in revenue for the month, up approximately 50% compared with the start of the year. Revenue per passenger had also increased by 62% since the beginning of the year.

Yep but for a true picture about this company rather than just daily sound bites, best to look at accountable RNS delivered just 10 days ago.

Good case for analysts to make out company is not far off going bust imo.

http://www.investegate.co.uk/fastjet-plc--fjet-/rns/results-for-18-month-period-to-31-december-2012/201305311814130777G/

In fact from above RNS extraction........

The Group has operated at a loss and a significant operating cash outflow since the acquisition of Lonrho Aviation in June 2012. The Directors consider that the outlook presents significant challenges in that the Group has to achieve increased sales revenue, and control input costs. Securing international route rights out of Tanzania are also critical for the success of the Group. Uncertainty exists as to these matters.



The Group also needs to secure additional funding to ensure operations can continue for the foreseeable future. This could be achieved by raising further equity or disposing of stakes in Tanzania and Ghana.



The Group will need to raise finance, in addition to that raised though to May 2013 (see note 30), whilst all of the above issues are addressed; however, such funding has not yet been secured or committed.



Whilst the Directors have instituted measures to preserve cash and seek additional finance, these circumstances create material uncertainties over future trading and cash flows.





The Directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the Group's ability to continue as a going concern and that, therefore, the Group may be unable to continue realising its assets and discharging its liabilities in the normal course of business

Again....

The Directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the Group's ability to continue as a going concern and that, therefore, the Group may be unable to continue realising its assets and discharging its liabilities in the normal course of business

I wonder if the chairman walked or was pushed.

After his tweet on twitter last night (rose you saw it) id say he walked away.

Is someone spammimg?
The same posting a bit later on ADVFN maybe is hate >>>>>>>>>


mechanical trader 11 Jun'13 - 13:24 - 4141 of 4142 0 0

It ended with this extract.....
The Directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the Group's ability to continue as a going concern and that, therefore, the Group may be unable to continue realising its assets and discharging its liabilities in the normal course of business

MRSI - now a premium payer!

and now repeating the same post for the 5th time >>>>>>>>>>>>


mechanical trader 11 Jun'13 - 14:21 - 4156 of 4201 0 2

Would you put up 20m given the board have just said......

The Directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the Group's ability to continue as a going concern and that, therefore, the Group may be unable to continue realising its assets and discharging its liabilities in the normal course of business

no wonder everyone is Filtering ( goldfinger/mechanical trader ) at ADVFN>>>>>>>

5Jacko 11 Jun'13 - 14:33 - 4160 of 4204 0 0

mechanical trader 11 Jun'13 - 14:29 - 4159 of 4159 0 0 (Filtered)

Garbil 11 Jun'13 - 14:49 - 4173 of 4204 1 0

mechanical trader 11 Jun'13 - 14:45 - 4171 of 4172 0 0 (Filtered)

You beat me to it skinny! (plus other aliases). Amazing how he just can't stay away.

no wonder is not here very busy arguing there.

Someone is a INSANE the worse of it (she/he ) does not know yet it seems >>>>>>>


mechanical trader 11 Jun'13 - 16:26 - 4205 of 4209 1 1
Believe me rajstar if he hadnt lost
his bottle he wouldnt be posting here.

Hed be stuck with his mates, saftey in numbers
on his own mug traders thread.

TOPINFO 11 Jun'13 - 16:27 - 4206 of 4209 0 1
ha ha nice try MT but wrong again. LMAO

mechanical trader 11 Jun'13 - 16:28 - 4207 of 4209 1 1
Falling further topinfo, get your rubber
kecks on.

mechanical trader 11 Jun'13 - 16:30 - 4208 of 4209 1 1
So busy on IG taking shorts just had to
switch to phone only D Jones reports.

mondy and your point is????????????????????????????????????????

Or are we all supposed to agree with you and your bull lemmings on this stock?????????

No spam whatsoever, Ive gone short and have an opposing view to you.

Now if you cant take that I suggest you arent cut out for this business.

Nip Down Hills or Ladbrokes, that will better suit your purposes.

Well into profit for the day.

Not that it means that much on this chart, but it looks like a bearish engulfing...

Looks to me like mondy is using multiple user names.Naughty naughty.

re - mondy and your point is?

My point is nobody likes shorters and the antics of ( Evil Knivel ) but he is a saint compare with the spam you are posting at ADVFN.

I am in since 0.70p, and first time here, but live is too precious for me to do what you have been doing today at ADVFN, Maybe 50 post if not more, repeating and negative points when there are plenty of positive aswell, meaning you are vias because you are short ( saying today ).
-------------
mechanical trader = goldfinger

mechanical trader 11 Jun'13 - 19:48 - 4233 of 4286 0 1
For those who have misssed it....

KPMG CONCERNS........

Concerns over the future of fastjet

3 June 2013 | By Patrick Whyte
Auditors have expressed “significant doubt” over whether no-frills African airline fastjet could continue to trade as accounts reveal sizeable losses.


mechanical trader 11 Jun'13 - 21:18 - 4255 of 4286 0 0
he he ha ha when I get you upset
I know you are worried.
SMIRK

cygnet4 11 Jun'13 - 21:20 - 4256 of 4286 0 0
MT - what sort of sad person comes on to a BB to upset people?

pwftrotter 11 Jun'13 - 21:42 - 4272 of 4286 0 0
mechanical trader
Another tosser filtered !!!!

brando69 11 Jun'13 - 21:49 - 4275 of 4286 0 0
not sure why i'm even engaging with you to be honest, you're probably w*nking into your pot noodle tub, while typing.

for the record, 'expert shorter' Mechanical Trader shorted Northacre (NTA) all the way from around 30p to 120p... yes, he's that good.

Thanks mondy about ADVFN

For all to know

My short research shows

goldfinger..... is a hated poster on ADVFN with multiple - aliases - " trendfloor " then " mechanical trader " once he/she has been bared from different threads.
Has a disgrateful war/hate with -Tara - a poster that has open threads with shares than more than double on a very short term. ( NTA - PTO )

Anybody else yet grasped mascot = mondy??????

ohhhhh dear.

And by the way post as much as you like here from over the road, I couldnt give a jot, in fact its saving me time i have nothing to hide just placing facts down from official company RNS. You wouldnt be so defensive if you didnt realise yourself how damaging the companys recent official news is.

The more you complain the more confidence it gives me. Both of you (not), are you identical twins?.

And I dont post with two user names as per you are doing.

ps, as for supporting Tara, a bloke who posts as a women fraudulently to get the nieve male support votes, just shows what an inexperienced fool you are.

Bring it on.

Lopped the top off my profit here before close, at most can only lose to breakeven with my guranteed stop.

Not going very well is it TWINS.

Always a good sign when you see topinfo and crowd ramping a duffed up stock.

Mind I did warn you on day one.