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."

Issue of Equity

fastjet (AIM:FJET) is pleased to announce that it has raised £1,332,800 via a draw down on its Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin").

Under the terms of the EFF agreement the Company raised gross proceeds of £1,332,800 by way of the issue of 47,600,000 ordinary shares of 1 pence ("Shares") each to Darwin at a price of 2.8 pence per Share (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 47,600,000 ordinary shares to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the EFF Shares will commence on 6 December 2013 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise 512,050,590 ordinary shares with voting rights. This figure of 512,050,590 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

fastJet Passenger Statistics for November 2013

And take off..

Looks interesting, certainly has potential to do well in this region and the need to improve safety in this region. south Africa being on board will be a big step !

Up again atm.

sp down 8% today not looking good.

Sub 3p....again.

I must be able to come up with a pairs trading strategy for these and SXX.

You mean 'how to lose your money twice as fast as normal' ? ;o)

Sounds about right! :-)

fastjet launches worldwide distribution channels

fastjet, Africa's low cost airline, has signed two agreements that will allow travel agents worldwide to access and sell its flights.

The recently-signed agreement with Skyscanner, the award-winning flight comparison company, will enable consumers to compare fastjet's flight schedules and prices against those of other African carriers via www.skyscanner.net.

Visitors to the site will then be able to link directly to fastjet's website and book their flights. Skyscanner currently has over 25 million unique visitors every month.

fastjet has also signed an agreement with Hahn Air Systems, a sister company and client of Hahn Air.

Through Hahn Air Systems' e-alliance product, fastjet flights will be available within all of the main Global Distribution Systems (GDS), including Amadeus, Sabre and Travelport.

GDS distribution will give fastjet access to over 91,000 travel agencies worldwide and the link with Hahn Air Systems will provide unencumbered and low cost access to these systems.

It is anticipated that fastjet's flights will feature on the GDS within the next month.

fastjet Passenger Statistics for December 2013

fastjet plc is pleased to announce its passenger statistics for the month of December 2013.

fastjet operations in Tanzania carried a total of 37,458 passengers in the month, the highest number of passengers in one month since fastjet started operations, and achieved an average load factor of 71 per cent. The average yield per passenger was a record $97, compared to $50 in December 2012. Total revenue for the month was $3.6m, considerably more than previous months and exceeding $3 million for the first time since the start of operations.

A key contributing factor to December's strong performance was the Dar es Salaam to Mbeya route which increased in frequency from three to four flights per week on 1st December, and then to daily flights on 16th December. Despite these capacity increases, the route achieved an excellent average load factor of 68% for the full month.

The passenger numbers carried by the legacy 540 businesses fell slightly year on year with restructuring.

more...

Operational Update - Zambia

fastjet plc is pleased to announce that it is in discussions with the Zambian government with the intention of creating a fastjet operation based in Lusaka.

The Board see the business and political environment in Zambia as very progressive and fastjet's discussions to date with the Zambian government, Tourist Board and other stakeholders have been very positive. The Company believes the establishment of a fastjet operation would bring benefits to the country and Zambian people through the expansion of trade and tourism links as well increase safety and reliability improvements to the Zambian aviation industry.

It is anticipated that the new operation, whilst being distributed and marketed as a part of the pan-African fastjet network, would be a Zambian registered company in which fastjet plc will have a substantial stake.

fastjet will progress its application for an Air Services Licence and Air Operator Certificate as rapidly as possible but this process is likely to take up to six months. In the meantime, fastjet will be bringing its flights to the Zambian people on the Lusaka Dar-es-Salaam route that went on sale recently and has already recorded strong interest and sales.

Fastjet in fast lane with new route launch

Budget African airline Fastjet (FJET) has launched its second international route, flying between Dar es Salaam in Tanzania and Lusaka in Zambia on Saturday.
Tickets for the flights between Lusaka's Kenneth Kaunda International Airport and Dar es Salaam's Julius Nyerere International Airport first went on sale in December 2013, with prices starting at $75 (£45.65) for a one-way flight. The first flight from Lusaka was full.

Interim chairman and chief executive Ed Winter commented: "Fastjet has been able to expand its international network by working closely with the governments of Tanzania and Zambia, who understand and value the positive impact that low-cost air travel can have on the lives of their citizens and the general economy."

"WE'RE BUSY DOING NOTHING,
WORKING THE WHOLE DAY THROUGH.
TRYING TO FIND LOTS OF THINGS,
NOT TO DO.
WE'RE BUSY GOING NOWHERE,
ISN'T IT JUST A CRIME?"

fastjet Passenger Statistics for January 2014

fastjet Passenger Statistics for January 2014

fastjet plc is pleased to announce its passenger statistics for the month of January 2014.

fastjet operations in Tanzania carried a total of 31,241 passengers and achieved a load factor of 60 per cent. The average yield per passenger was $88, compared to $46 in January 2013. Total revenue for the month was $2.75m, a 128 per cent increase from January 2013 with only a 27 per cent increase in capacity.

The passenger numbers carried by the legacy 540 businesses, particularly in Angola, continued to fall year-on-year as those businesses undergo significant restructuring.

Punctuality remained outstanding with 97 per cent of flights operating on time. Note 5

Ed Winter, interim Chairman and Chief Executive Officer of fastjet, said: "I am very satisfied with our performance for January. The post-Christmas period is traditionally one of the slowest months of the year but fastjet has avoided deep discounts and has successfully focussed on maintaining a strong yield. An average yield of $88 per passenger exceeded our expectations and the large growth in yield per passenger year-on-year clearly demonstrates the strong, continuing development of the Tanzanian air travel market and of the fastjet brand.

Our new Dar es Salaam to Lusaka route is proving particularly popular with the Zambian people. All our flights out of Lusaka have been fully booked and I am confident that this route will grow substantially."

fastjet appoints Jimmy Kibati as General Manager East Africa

fastjet plc is pleased to announce the appointment of Jimmy Kibati as fastjet General Manager, East Africa. Jimmy joins from Kenya Airways where he is currently Acting Commercial Director.

Working alongside the fastjet management team, Jimmy will be responsible for leading the airline's expansion in East Africa. He will take up his new position on 17th March 2014 and initially be based in Dar-es-Salaam, overseeing fastjet Tanzania.

Ed Winter, interim Chairman and Chief Executive Officer, said: "I am absolutely delighted that we have recruited such a high calibre airline executive to spearhead fastjet's expansion in East Africa. Jimmy's vast experience in the East African aviation market will be invaluable as we fulfil our goal of becoming a truly pan-African low cost airline.

"Jimmy's appointment underlines the confidence which fastjet's track record has generated within the industry."

Jimmy Kibati has over 20 years' experience in the commercial airline business, having joined Kenya Airways in 1992 immediately following the completion of his studies at Kenyatta University, Nairobi, Kenya.

During his time at the airline, Jimmy has progressed through various senior Commercial positions, including Manager of Network Planning & Alliances, Area Manager Uganda, Rwanda and Burundi and Head of Network Planning & Airline Strategy.

Jimmy left Kenya Airways in 2005 to join the startup carrier Virgin Nigeria, as Head of Network Planning & Commercial Development, was promoted to Director of Commercial Planning in 2008, and finally to Chief Commercial Officer, where he led the re- branding of the airline to Nigerian Eagle.

Rejoining Kenya Airways as Head of Network Planning and Airline Strategy in 2010, Jimmy led 'Project Mawingu,' Kenya Airways' 10-Year Strategic plan, and also headed the team that worked on the process that led to Kenya Airways becoming a full member of the Skyteam Alliance in June 2010.

Jimmy has been accredited as Kenya Airways' representative in the Skyteam Alliance, the KQ Chair leading the expansion of the KQ/KLM Joint Venture relationship, and the African representative of IATA's Simplifying the Business Steering Committee. He was also responsible for the government portfolio, where he engaged various regulatory and government authorities to gain market access for Kenya Airways' expansion.

In January 2013, Jimmy was appointed Acting Commercial Director of Kenya Airways, where he oversaw the restructuring of the airline's commercial department and drove the execution of the company's commercial and planning strategies, including plans for the B787 Dreamliner and B777-300 fleet's entry into service and new growth plans into Asia and Africa.

Issue of Equity

Fastjet (AIM:FJET) is pleased to announce that it has raised GBP950,000 via a draw down on its Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin").

Under the terms of the EFF agreement the Company raised gross proceeds of GBP950,000 by way of the issue of 47,500,000 ordinary shares of 1pence ("Shares") each to Darwin at a price of 2pence per Share (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 47,500,000 ordinary shares to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the EFF Shares will commence on 3 March 2014 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise 549,786,440 ordinary shares with voting rights. This figure of 597,286,440 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

Passenger Statistics for February 2014 & EFF

Could fall 50% from here imo.