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."

you could be right hc only time will tell.

a sort of a bounce from lows of the day, as buying got on the way, but suddenly the bid is marked down ( MMs games ) to stop the buying going on further.
a 85K buy paid premium 5.40p offer at 5.35p

Sp finished sub 4p.

Topped up at 4p hope this is the bottom..

Passenger Statistics and Operational Update

hmmmmmmm The decrease in load factor, from 84% in August to 76% in September, was driven by an increase in capacity on the Dar es Salaam to Mwanza route, as fastjet introduced additional flights following the approval of night operations at Mwanza airport.'

'As expected, fastjet operations in Tanzania showed a small decrease in passenger numbers, 2% from 33,079 to 32,387'

forgive the pun, are we starting to take off.

Happy to hold here Av 7.8p fjet is looking a lot healthier now than the last few days’ weeks hopefully we should now start to see the recovery of the sp..

Further bounce today, looks like the MMs wanted a double botton on the stock

naturally is very bullish the D B

taxiing to take off position :-0

Well we have take off. Flight left on time. Let's hope the share price takes off with it.

.....so the aircraft is currently struggling to reach altitude and the pilot is confronted by a decision to either return to base or ditch!

lol harry - cockpit warning light - plane circling and making a decision on dumping fuel first before attempting a landing................

RNS Lonrho reduces shareholding to 22.82%

RNS Lonrho baling out sold another 5 million shares.

well bouncing off this mornings lows - seems bottom has been reached and coming back up - trending north strongly now = blue end to the day

yeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

"....seems bottom has been reached...." Not sure how you conclude that? And there are another 6 hours trading today, so the "blue end" is optimistic, imo. I assume you are trading rather than investing, so hope you make money, but as an investment, this is seriously underperforming!

HARRYCAT

I agree this has been a bit crap, been topping on way down Av now 7.5 should have waited, Still see a ten bagger here long term.

First fastjet flight takes off to Mbeya

First fastjet flight takes off to Mbeya

fastjet, Africa's low cost airline, announces that its first flight from Dar es Salaam to Mbeya in south west Tanzania departed on schedule this morning. Mbeya is the fifth Tanzanian destination in the fastjet network, which already includes Dar es Salaam, Mwanza, Kilimanjaro and Zanzibar.

This new route enables fastjet to provide affordable fares to the people of Mbeya, a city located close to Tanzania's borders with Zambia and Malawi. The recently opened Songwe Airport, 10km outside Mbeya, has now been upgraded to accommodate jet aircraft, enabling fastjet to commence services to and from this important, densely populated region. Bookings on the new route are extremely strong with passenger loads of over 90% on the first day's flights.

Following the recent launch of fastjet's Dar es Salaam to Johannesburg service, today's flight marks another significant milestone in the expansion of the fastjet network. fastjet now offers over 45,000 seats on more than 300 flights per month and expects to add Lusaka in Zambia to its network in the near future.