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.

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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."

Issue of Equity

fastjet, Africa's low cost airline, is pleased to announce that owner and licensor of the fastjet brand, easyGroup Holdings Ltd, the private investment vehicle of Sir Stelios Haji-Ioannou, has elected to take newly issued fastjet shares in lieu of all royalty and consultancy payments due to easyGroup up to 31st December 2013.

These payments relate to the Brand Licence agreement announced on 9 May 2012. Following this transaction, 110,334,156 newly issued fastjet shares at 1p will be issued to easyGroup thereby increasing easyGroup's holding in fastjet from under 3% to 5.81%. The remaining terms of the agreement are unaltered.

Application will be made to the London Stock Exchange for a total of 110,334,156 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 30 July 2013 ("Admission"). Following Admission, the Company's enlarged issued share capital will comprise of 2,986,472,570 ordinary shares with voting rights. This figure of 2,986,472,570 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.

Update on fastjet's international route

fastjet, Africa's first low-cost carrier, is delighted to announce that tickets for its first international route, between Tanzania and South Africa, will go on sale this week. Flights from fastjet's hub in Dar es Salaam to Johannesburg will be available to purchase from 31st July with fares as low as USD$100 (plus government taxes and charges), substantially cheaper than the alternative carrier. fastjet's facebook 'friends' will get first option to book flights on 31st July and seats will go on general release the following day, 1st August.

Initially, flights on the route will operate 3 times a week and the first flight is scheduled for 27th September. However, as demand for seats on fastjet's signature Airbus A319s is expected to be high, the Company intends to increase the frequency of flights in line with market demand. The airline expects to add further international destinations including Lusaka, Zambia, to its flying program in the near future.

Operational Update - July Results

Ahead of the release of its monthly passenger statistics, fastjet, Africa's low cost airline, is delighted to report a strong trading month for July 2013 in Tanzania, continuing the trend of month-on-month revenue increases.

Passenger revenue for July 2013 was over USD$2.5 million, which represents a revenue increase of over 10% against the previous month, and a USD$700,000 increase since May 2013.

The figures can be attributed to a jump in passenger volumes on existing routes, the successful reintroduction of the Kilimanjaro to Zanzibar route and a 17 per cent increase in ancillary revenues*. We are particularly pleased with these results given the fact that Ramadan, a period when travel and business activity traditionally reduces, fell over the last 21 days of the month.

On July 31st, fastjet launched ticket sales for the long-awaited international route between Dar es Salaam and Johannesburg. Initially, flights on the route will operate 3 times a week and the first flight is scheduled for 27th September. However, as demand for seats on fastjet's signature Airbus A319s is expected to be high, the Company intends to increase the frequency of flights in line with market demand. This is expected to be the first of a number of international routes that fastjet has applied for.

Beaufort Securities Speculative Buy 1.05 - - Reiterates

A bit of a tick up with volume.

Plenty of tick up and later on the day volume reaching 120M

there was a couple of trades a couple minutes after close paying 1.30p, when the offer price was 1.25p

AIM-listed stocks become eligible for inclusion in sharedealing ISA accounts from Monday morning. If this rise is sustained come Monday, anyone who previously decided to wait till then before buying into FJET is going to be more than a little miffed at missing today's surge.

I am miffed anyway as I was churning this around the same time as I got a few coms but being put off somewhat by some background noise - still time I suppose, extremely well done to those who took the plunge before the rise.

I don't understand why you would want to put a stock like this in an ISA. It is a high risk punt stock which has already lost 75% of it's value over the last 8 months. It's very unlikely, imo, that any PI is going to invest heavily here, so the amount of profit you could make is going to be small and isn't going to affect your CGT by much, particularly if it is already offset by the loss. If you are investing heavily here through a stock ISA and you lose your money, you will have to wait for the next tax year before you can access further cash.

Harry - it depends on the size of your ISA :-)

I thought we'd agreed that size wasn't everything?!!! ;o)

This is true!

Notice of GM and Proposed Share Reorganisation

From the announcement.

"As a consequence of the Reorganisation each Shareholder's holding of New Ordinary Shares will (ignoring fractional entitlements) immediately following the Reorganisation becoming effective be one tenth of the number of Existing Ordinary Shares held by them on the Record Date (being 5pm on the day of the General meeting). However each Shareholder's proportionate interest in the Company's issued ordinary share capital will remain unchanged as a result of the proposed Reorganisation.

The New Ordinary Shares will continue to carry the same rights as attached to the Existing Ordinary Shares.

The last day of trading on AIM in the Existing Ordinary Shares is expected to be 19 August 2013."

FastJet Passenger Statistics for July 2013

fastjet, Africa's low cost airline, is pleased to announce a 40 per cent increase in overall passenger numbers in July 2013 compared with July 2012. Passengers on the combined Fly540 and fastjet fleets totaled 84,362, surpassing expectations for this time of the year. In Tanzania, the Company saw a 14 per cent increase in the number of fastjet passengers, compared to the previous month.

bought in here today - bottom drawer leave for 12 mths and see where we are
like the easyjet connection
gla

I bought in here today also, graph starting to look more positive so had a dabble.

Statement re: Closure of Jomo Kenyatta Airport

The Company notes news reports regarding the closure of Jomo Kenyatta airport, in Nairobi, Kenya due to a fire, reported to be in the terminal building.

The fly540 Kenya operation from Nairobi is therefore presently suspended. The Company is not aware of any injuries or casualties amongst its passengers or staff. The safety of passengers and employees remains fastjet's top priority. Once the extent of the damage to the airport facilities is clear the Company intends to implement a plan to resume operations as soon as possible.

Other operations, including those in neighboring Tanzania are not affected by this closure, and indeed may benefit to some degree from international passengers routing through Dar es Salaam rather than Nairobi in response to the closure.

The Company will provide a further update in due course.

Nairobi fire an unexpected bonus for fjet today - just hope no one was hurt or injured in it
business wise should benefit fjet

Short term it will be a loss of revenue and therefore a reduction in profit. Long term, any benefit escapes me, but I am sure someone will enlighten me!

fire - nope other airlines will be diverted through fjet at other airports in the short term at least

& they don't make 'em like they used to..... http://www.youtube.com/watch?v=kn15BUFBvu8