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FASTJET PLC - New low cost airline for Africa (FJET)     

Darshini - 22 Nov 2012 15:05

Chart.aspx?Provider=EODIntra&Code=FJET&SFJET


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."

mascot - 14 Jun 2013 00:11 - 144 of 449

A bit late but busy during the day, but what a supper susprise the news and turnaround on the share price.
Have you notice the RNS they seem to be coming thick and fast.

For anyone who is interested.
http://www.red1x.com/about/company/

mascot - 14 Jun 2013 00:15 - 145 of 449

forgotten to say, someone tone of posting has change, maybe the big riches expected, have turn into loses already.
And more to come if those shorts are not close in time.

good night

goldfinger - 14 Jun 2013 01:39 - 146 of 449

Dont think so I locked in gains, by the way reported you to 'Talk To Yourself Thread'
as advfn incomer causing trouble.

See you bud.

skinny - 14 Jun 2013 06:14 - 147 of 449

MRSI - I guess the olive box was meant to contain this!

skinny - 14 Jun 2013 07:09 - 148 of 449

fastjet Secures International Route Approvals

fastjet has been granted permission to launch international flights from Tanzania to South Africa, Zambia and Rwanda marking a major step towards establishing the first-ever pan-African low-cost network.

These route approvals have been granted by the relevant Governments under the Bilateral Air Services Agreements (BASAs) between Tanzania and the other countries.

Issue of Equity & £15m Equity Finance Facility

Further to the Company's announcement on 6th December 2012, fastjet (AIM:FJET) is pleased to announce that it has raised £1,127,000 via a draw down on its Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin"), a majority owned subsidiary of Henderson Global Investors Volantis Capital ("Henderson").

goldfinger - 14 Jun 2013 21:18 - 149 of 449

Be careful skinny if you are long here.

I was given something in confidence yesterday evening.

Chris Carson - 14 Jun 2013 21:23 - 150 of 449

Hope it was a brain transplant? Out of order making comments like that gf.

goldfinger - 14 Jun 2013 21:43 - 151 of 449

No Im not Chris. I was given it in confidence. I am not breaking any rules etc etc. It is just speculation at the moment but it seems strange that selling action on the market today in light of bullish news on 2 RNS, saw the SP as flat on the day.

How would you account for that?.

And the post is meant for everyone not just skinny.

Chris Carson - 14 Jun 2013 21:56 - 152 of 449

gf - If you had said "I was given something in confidence yesterday evening. BUT it is just speculation" then fair enough mate. You didn't say that. Pretty sure skinny is more than capable of making his own mind up either way.

goldfinger - 14 Jun 2013 21:56 - 153 of 449

Chris far better that I give my mates on here (and I include you even tho weve had pops at each other over politics of late) the nod rather than let you get done.

Dont forget the City itself and Bankers are corrupt with insider knowledge etc etc.

Its time the PI was given some advantage.

And I dont have a position at the moment but will soon.

goldfinger - 14 Jun 2013 21:59 - 154 of 449

Yep fair enough, its 3rd party anyway but I think it could be true.

We will have to see.

Chris Carson - 14 Jun 2013 22:21 - 155 of 449

3rd party and you only think it could be true? So why bother. De-Ramping a share is just as bad as Ramping a share don't you agree? I'm not trading it either by the way, but that's not the point.

goldfinger - 15 Jun 2013 12:25 - 156 of 449

If it turns out to be true it wont be de-ramping will it chris. Anyway if that s the general attitude fair enough I wont bother trying to save pals on here money Ill just keep it to myself along with juicy gossip on the bull side. Ill just e-mail it to a selected few.

So from now on its schtum.

Chris Carson - 15 Jun 2013 12:45 - 157 of 449

No need to throw your dolly out the pram mate :O) Just thought with your dire warnings against ADVFN posters coming over to MAM and the consequences that you percieved would happen. It was a tiny bit hypocritical to make that remark above. I still love ya :O)

skinny - 15 Jun 2013 12:55 - 158 of 449

Get a room you two! :-)

I'm quite capable of losing money all by myself thanks - joking apart, I've had a small flutter with 500 quid @0.71p.

goldfinger - 16 Jun 2013 14:22 - 159 of 449

Decide to call it a day here.

Genuine bloke on advfn points out how it could develop the country for the poor etc etc.

Thats a good thing and something id want although I still think the management here are very poor and overpaid.

Fingers crossed they get lucky and help the poor of Africa.

HARRYCAT - 21 Jun 2013 12:05 - 160 of 449

Issue of Equity
fastjet (AIM:FJET) is pleased to announce that it has raised £1,099,890 via a draw down on its Equity Financing Facility with Darwin Strategic Limited ("Darwin"), a majority owned subsidiary of Henderson Global Investors Volantis Capital ("Henderson").

Under the terms of the EFF agreement the Company raised gross proceeds of £1,099,890 by way of the issue of 108,900,000 shares of 1p each to Darwin (the "EFF Shares"). The new EFF Shares have been issued at a gross price of 1.01p per share and rank pari passu in all respects with existing ordinary shares of 1p each in fastjet.

skinny - 04 Jul 2013 14:20 - 161 of 449

FastJet Passenger Statistics for June 2013

Ed Winter, Chief Executive Officer of fastjet said: "We continue to grow in popularity, performance and revenue. As reported recently, June revenue in Tanzania exceeded $2.2m, which is a 22% increase on the previous month. Fastjet load factors for the month grew from 68% to 78%, with yield per seat also growing substantially.

Also as previously announced, in June fastjet carried its 200,000th paying passenger including infants.

Additionally we can announce that we have today received our Foreign Operator Permit from the South African Department of Transport. This means that the final administrative hurdle has been overcome so are confident that the important and popular Dar es Salaam to Johannesburg route will be on sale soon.

We believe we are well on the way to becoming the first pan African low cost carrier."

mondy - 07 Jul 2013 21:25 - 162 of 449

Ramping /De-Ramping.

someone comes to mind ::::::::::::: > goldfinger


To help you to spot a basher here are a few things to look out for:

1. Relentless by nature, always ready to step in and dumb down the discussion, they need to talk at their level;

2. Repetitive posts, bashers are commonly not very intelligent or imaginative in their work, that?s because they are not very intelligent or imaginative themselves so no surprise there;

3. Dismissive of every positive perspective, however rational because allowing any positive argument to develop exposes their position;

4. Egotistical patronising style, self-value is vital for a basher when nobody else values you;

5. Offering few investing ideas in return, as that would expose them to criticism;

6. Disappearing when good news released by a company or the share price is in a strong upward move, but filling the gaps in between with negative rhetoric to hit investors at their weakest.

skinny - 09 Jul 2013 07:12 - 163 of 449

Issue of Equity

fastjet (AIM:FJET) is pleased to announce that it has raised £790,000 via a draw down on its Equity Financing Facility with Darwin Strategic Limited ("Darwin"), a majority owned subsidiary of Henderson Global Investors Volantis Capital ("Henderson").

Under the terms of the EFF agreement the Company raised gross proceeds of £790,000 by way of the issue of 79,000,000 shares of 1p each to Darwin (the "EFF Shares"). The new EFF Shares have been issued and rank pari passu in all respects with existing ordinary shares of 1p each in fastjet.

Application has been made to the London Stock Exchange for a total of 79,000,000 ordinary shares to be admitted to trading on AIM. It is expected that the admission will become effective and that trading in the new Shares will commence on 11 July 2013 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise of 2,876,138,414 ordinary shares with voting rights. This figure of 2,876,138,414 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

ENDS
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