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."

Appears today that Fastjet seems to be bouncing off the 50MA presently at 4.27p as long as this stock doesn't close below this level then this can move back up from here, any close below this points towards the 100MA down at 3.38p

fastjet Passenger Statistics for August 2013

sp down a further 6% somebody is dumping, is it Lonrho?

Some large trades and volume today as the MMs have push prices higher at 1pm, has been holding on the up as mixed trades are now going on.
Those large trades could be the overhang being cleared

5.67p +1.00p

The turnaround has been very strong since yesterday, with today's volume almost as large as yesterday in less than 2 hours of trading

Has broken from the previous intraday high today 5.925p and spiked to 6.45p
a huge volume on the half day mark 41M

Went over 7p earlier, now just there and 51% rise

Stmnt re Share Price Movement

The Company notes the movement in the market price of its ordinary shares and confirms that it is not aware of any reason for this movement

Up 53.5% on decent volume.

AFTER YESTERDAY'S profit taking, today is the turn around and now breaking the 7p mark, important as it tried a few times since yesterday, before the break now

Interim Results

HIGHLIGHTS
· First-half underlying EBIT loss $24.9m including US$13.3m trading losses in the Tanzanian operation.

· Tanzanian operation reported quarterly EBIT loss of US$9.1m in Q1 and US$4.2m in Q2 - a 54% reduction quarter on quarter.

· Net cash at 30th June 2013 was $4.4m. Subsequent to this $9.3m (gross) has been raised via equity issuance.

· fastjet Tanzania achieved US$81 revenue per passenger in June - almost double January's achieved rate of US$46.

· Tanzanian operation is now profitable on an underlying route level basis; and based on current performance once scale increases with additional routes and fully utilised resources the business is expected to become profitable at the EBIT level.

· Growing endorsement of the fastjet brand and low cost airline model by Tanzanian consumers

· Launch of the first international route, from Dar-es-Salaam to Johannesburg is expected imminently, with others planned in the near future.

· Development of an Airline Management Services organisation, enabling the fastjet brand to be rolled-out more rapidly across Africa; reducing shareholder risk and minimising capital requirements is underway.

· Restructuring of the legacy Fly540 businesses progressing well; further progress will be reported in due course; a further $5.7m of goodwill and intangible assets, and $8.8m of investments written down in the period.

Still here I missed the last low waiting to top up.

South African upgrades, Fastjet turns to cargo

http://www.aircargoworld.com/Air-Cargo-News/2013/09/south-african-upgrades-fastjet-turns-to-cargo/3015414

Since yesterday looks like it wants to change direction again after the recent retracement
All buying earlier on

5 days chart

StockMarketWire.com
Africa low-cost airline fastjet has raised £1,250,000 via a draw down on its equity financing facility with Darwin Strategic Limited, a majority owned subsidiary of Henderson Global Investors Volantis Capital.

Under the terms of the EFF agreement the company raised gross proceeds of £1,250,000 through the issue of 20,833,333 shares at 6p apiece.

very good opportunity right now imo - gla

gibby

I agree had a small top up today still early days..

The financing method could be a bit better going by todays fall though.

yep not a preferred method just a means to an end

expect a bounce next week - nice 5M + buy end of day