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."

Skinny,
Do you still hold this share?
They have been issuing shares since it was 4p before consolidation. I was trapped then!!!

Yes I still hold this dogshare!

Open Offer

Fastjet Plc. (AIM:FJET) is pleased to announce, further to the announcement of 10 April, an open offer of up to 245,834,991 new Ordinary Shares in the capital of the Company.

In order to provide Qualifying Shareholders with an opportunity to participate in an issue of Ordinary Shares at the same price as the placing of new Ordinary Shares which raised gross proceeds of £11 million announced on 10 April 2014, the Company is making the Open Offer to permit all Qualifying Shareholders to subscribe at the Issue Price for an aggregate of up to 245,834,991 Ordinary Shares, to raise gross proceeds of up to a maximum of approximately £3.9 million.

The Issue Price of 1.6 pence per Ordinary Share represents a discount of approximately 7.2 per cent. to the closing middle market price of 1.725 pence on 15 April 2014.

fastjet Passenger Statistics for March 2014

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

fastjet operations in Tanzania carried a total of 34,536 passengers and achieved a load factor of 67%. The average yield per passenger was $88 compared to $52 in March 2013.

Punctuality remained excellent with 90% of flights arriving on timeNote 5, despite some prolonged periods of extremely adverse weather conditions.

Ed Winter, interim Chairman and Chief Executive Officer of fastjet, said:

"These are very good results for the month of March considering that demand is generally low at this time of year and that the peak Easter period falls in April.

This will be the last month when we announce our average per passenger yield as this information is increasingly becoming competitively sensitive in Tanzania.

Passenger numbers carried by the legacy Fly540 operations continue to decline, as expected, as we restructure those businesses."

Will Africa see Fastjet expand?

The low-cost carrier Fastjet is trying to spread its wings across the African continent by introducing new routes to its hub in Dar-es-Salaam, Tanzania.


http://www.bbc.co.uk/programmes/p01xtgxv

The rights issue closes next week, I can't make my mind up!

Restructuring of Fly 540 Angola and Ghana

Restructuring of Fly 540 Angola and Ghana

fastjet, Africa's low cost airline, today confirms that as previously announced, two of its loss-making Fly540 businesses are being restructured with the objective of increasing shareholder value. The Fly 540 businesses operate on a traditional airline model and not the fastjet low cost model.

After a detailed evaluation of the potential of Fly540 in both Ghana and Angola, fastjet has concluded that, although these countries present very significant long-term opportunities for the fastjet low cost model, in the short term fastjet intends to fully focus on the considerable potential of opportunities in East and Southern Africa. As a key part of the restructuring, two group-owned ATR aircraft previously operating in Ghana and Angola have been taken out of service and are currently in the process of being sold. While a leased aircraft continues to operate in Ghana, the Angolan operation has been temporarily suspended, pending the return to service of two leased aircraft on completion of required maintenance. Further details on the restructuring of both 540 operations will be announced in due course.

Fastjet interim chairman and CEO, Ed Winter, said: "Management has been carefully considering how best to restructure the Fly540 business which we inherited and this is a highly significant and very positive development in that process.

"We are currently focused on expanding the low cost fastjet network in East and Southern Africa by establishing bases in Zambia, Kenya and South Africa and these plans are progressing well. However, our overall vision is to create a pan-African low-cost network and, as such, launching the low cost fastjet model in both Angola and Ghana remains firmly part of the Company's long-term plans."

Result of Open Offer & Placing

fastjet plc (AIM:FJET), Africa's low cost airline, today announces that its Open Offer which launched on 16 April 2014, closed for applications at 11 a.m. on 6 May 2014. The Company is pleased to report that individual investors took up the majority of the Offer Shares and the balance placed with an institutional investor, raising aggregate gross proceeds of £3.9 million.

The Open Offer permitted all Qualifying Shareholders to subscribe at 1.6p per ordinary share of 1 pence in the capital of the Company ("Ordinary Share") for an aggregate of up to 245,834,991 Ordinary Shares of which 145,683,383 Ordinary Shares have been subscribed, being 59% of the total available and raising gross proceeds of approximately £2.3 million.

Following the Open Offer 100,151,608 Ordinary Shares (the "Placing Shares"), being the number of Offer Shares not subscribed under the Open Offer have been placed with an institutional investor (the "Placing") at a price of 1.6 pence per Placing Share, raising gross proceeds of approximately £1.6 million.

In addition to the net proceeds of the £11 million placing which completed on the 16th April, the £3.9 million proceeds of the Open Offer and subsequent Placing will provide further funds for the Group's expansion plans and working capital requirements.

The Open Offer remains conditional upon inter alia admission of the Offer Shares ("Admission") occurring by 8:00 a.m. on 8 May 2014 (or such later time or date as the Company may determine).

more..

fastjet Plc Ready for take-off

http://www.equitydevelopment.co.uk/doc/1214.pdf

fastjet Passenger Statistics for April 2014

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

fastjet operations in Tanzania carried a total of 35,763 passengers and achieved a load factor of 66%.

During the month, the frequent closure of airports and roads due to prolonged periods of extremely adverse weather conditions led to a decrease in punctuality, with 79% of flights arriving on time Note 5.

fastjet is also pleased to announce that its recent sale, which took place on 30th April 2014, was highly successful with almost 23,000 bookings made across all our routes, including for the upcoming summer period.

During the sale, traffic to fastjet's website increased very significantly, with web hits up by 977% compared to the same day in March 2014. Unique users (visitors to the site using a guest ID) increased by 163% in Tanzania and 210% in South Africa as new customers took advantage of fastjet's attractive low fares. The Company also set up 'pop-up shops' in several locations in Tanzania, providing temporary distribution facilities to purchase tickets. These shops were well-received and this is an initiative that fastjet will consider repeating.

Ed Winter, interim Chairman and Chief Executive Officer of fastjet plc, said: "I am very satisfied with these results for the month of April. Apart from the Easter weekend, demand is generally low at this time of year - with the continued rainy season often bringing travel to a halt - so this has been a strong performance. Passenger numbers carried by the legacy Fly540 operations continue to decline, as expected, as we restructure those businesses."


Commenting on the success of the sale, Chief Commercial Officer, Richard Bodin, said: "From a sales and distribution perspective, our sale saw the most successful day in fastjet's history, with record-breaking ticket sales, conversion rates and mobile payment transactions. The success of the sale has put us in a strong position as we head into the high season."

Restructuring update

Further to its statement on 29 April 2014, fastjet today announces that Fly 540 operations in Ghana are being temporarily suspended pending further restructuring. Fly 540 has served notice on the leasing agreement it holds on one ATR aircraft in Ghana.

As previously announced, fastjet has concluded that although Ghana presents very significant long-term opportunities for the fastjet low-cost model; in the short term the Company intends to fully focus on the considerable potential of opportunities in East and Southern Africa, and this legacy 540 operation is not therefore part of the core low cost fastjet model

fastjet will continue to provide additional updates as appropriate.

Henderson Global Investors > 5%

Vidacos Nominees < 7%

Henderson Global Investors > 11%

fastjet Passenger Statistics for May 2014

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

fastjet operations in Tanzania carried a total of 43,020 passengers and achieved a load factor of 71%, representing an increase in passenger numbers of 20.3% compared to the previous month, and 77.5% compared to the same month in the previous yearNote 3.

Month on month, capacity has increased by 11%, with 60,320 seats flown in May compared to 54,230 in April. Capacity on the Dar-es-Salaam to Lusaka route has increased by 27% (May vs April); Dar-es-Salaam to Mbeya by 43% (May vs April) and Dar-es-Salaam to Mwanza by 23% (May vs March.)

Compared with the same month last year, the number of seats has increased by 68% and revenue by 81% .

Although May is typically wet in Tanzania, during the month, the country experienced much longer and heavier bouts of rain than normal for the time of the year. While this prolonged period of adverse weather did affect punctuality, 89% of flights still arrived on time, a 10% improvement on April Note 5.

Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said:

"I am delighted to see our capacity increasing as we maximise the utilisation of resources, particularly our aircraft, as planned. We expect to announce further increases in capacity, including new routes, in the very near future.

"I am particularly pleased that the number of flown passengers has increased by 20% compared with April, against a capacity increase of only 11%. This demonstrates that we continue to stimulate the market and that our customers value fastjet's performance. We maintain our position of market leader across Tanzania."

As previously announced, Fly 540 operations in Ghana and Angola are suspended pending further restructuring. Consequently, passenger numbers carried by the legacy Fly540 operations continue to decline, as expected. As these businesses are being restructured, it has been decided that Fly540 passenger numbers are no longer relevant in evaluating the performance of the business. Going forward, only fastjet passenger statistics will be published each month.


more..

fastjet launches flights to Zimbabwe; third international route for carrier

Disposal of Fly 540 Kenya

fastjet Plc, Africa's low-cost airline, is pleased to announce it has signed an agreement to dispose of its holding in Fly 540 Kenya, the loss-making investment it inherited as part of the acquisition from Lonrho Aviation, to Don Smith, a director of Fly 540 Kenya. The agreement wholly removes Fly 540 Kenya from the fastjet group.
All legal and financial ties between the two companies have been dissolved and each group has indemnified one another against any and all liabilities relating to the segregation of the businesses.

hmm some good news........

Final Results for the year ended 31 December 2013

Operational Highlights

· Establishment of the low cost carrier model in Africa

· Solid growth of domestic routes in Tanzania

· Launch of first international route between Tanzania and South Africa

· Restructuring of the legacy Fly 540 businesses initiated

Financial Highlights

· Group revenue increased by 154% from $21.0 million to $53.4 million of which $26.0 million is attributable to Tanzania in 2013

· Operating loss before exceptionals of $47.6 million of which $21.9m is attributable to Tanzania

· Average load factor for the year of 72%

· Average 2013 revenue per passenger rose from $46.30 to $95.20; average revenue per passenger for the year of $71.10

2014 Operational Highlights

· Disposal of Fly540 Kenya

· Second international route launched between Tanzania and Zambia; launch of third route from Tanzania to Zimbabwe imminent

· Launch of new domestic route in Tanzania; capacity increase on existing routes

· Board strengthened by new appointments

· Successful Placing and Open Offer



Ed Winter, Chief Executive commented
"2013 was a very significant year for fastjet with the Company proving the low cost airline model in Tanzania works. In the first half of 2014 we have built upon that foundation and continued to grow, moving towards our vision of becoming a true pan African low cost airline."

"Our recent succesful fundraise moves us even closer to that goal, and I am delighted with the encouraging response we received from the market generally, and fastjet shareholders specifically, demonstrating support for our strategy and vision. "

"The disposal of fly540 Kenya, which was announced yesterday, is a hugely significant step that allows us to fully pursue our expansion in East Africa."

"Our experience to date confirms our long-held view that people across Africa are embracing the opportunities offered by fasjet's reliable, safe and great value air travel."

"The combination of the management team's experience in Africa and fastjet's stronger financial position means that we are now ready to continue our expansion and leverage our first mover advantage to the benefit of passengers and shareholders alike."

The full Group financial statements is available on the Company's website at www.fastjet.com.

Board Change