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."

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

Skinny,
My shares worth a candy now, having held for almost two years.

Do you think it has future given the expenditure!

We can but hope!

fastjet Passenger Statistics for June 2014

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

fastjet operations in Tanzania carried a total of 53,386 passengers and achieved a load factor of 79%, representing a 24% increase in passengers compared with the previous month. Compared with the same month last year, the number of seats has increased by 95%

Month on month, capacity has increased by 12% with 67,425 seats flown in June compared to 60,320 in May. Specifically, capacity on the Dar-es-Salaam to Mbeya route increased by 37% (June vs May) and Dar-es-Salaam to Mwanza by 16% (June vs May).

Punctuality for the month was excellent, with 91% of flights arriving on time Note 3 despite the increase in flights.

more...

I was checking ticket availability on fastjet website.
It appears that most of their flights are fully booked or are available at higher prices.

Has anyone else checked this?

Result of Agm

FastJet Looking To Break Into South African Domestic Market

http://www.bloombergtvafrica.com/video/fastjet-looking-break-south-african-domestic-market/

Flights between Tanzania and Zimbabwe commence

fastjet's, Africa's low cost airline, is delighted to announce that its inaugural flight between Dar es Salaam in Tanzania and Harare in Zimbabwe took place on Tuesday, marking the launch of the low-cost airline's third international route in Africa, and the only direct air link between the two African capital cities.

Forward bookings for the twice-weekly flights are well ahead of management expectations and with the first flights from Zimbabwe already operating to full capacity, fastjet has decided to add a third rotation which will go on sale today.

"fastjet has responded to requests from Zimbabweans and Tanzanians asking for a direct route connecting these two cities with affordable, reliable flights," said Ed Winter, Chief Executive Officer of fastjet. "Yesterday's flight from Harare was fully booked, as is Saturday's. With future bookings also looking strong we've decided to add a third rotation each Thursday which we expect to commence at the end of next month."

Prior to fastjet launching this route, those wishing to travel between Dar es Salaam and Harare had to spend at least two days travelling the approximately 2200km distance by road, or if travelling by air, via Nairobi in Kenya or Johannesburg in South Africa, often involving lengthy layovers.

"We believe the launch of this route will stimulate business and tourism in regions where citizens have had to depend on lengthy road transportation or have been excluded from air travel by the significant costs of flying an indirect route through Nairobi or Johannesburg," Winter added.

"The Government of Zimbabwe is delighted that fastjet is expanding its international route network to include Harare, and that in doing so it is bringing its low-cost, reliable and safe service to the people of Zimbabwe," said Zimbabwe's Minister of Transport, the Honourable Dr Obert Mpofu.

Tickets for flights on the direct route went on sale in June 2014, with fares starting as low as US$50 one-way, excluding airport and government taxes - considerably more affordable than the non-direct flights that are currently the only air link between the two cities.

fastjet operates internationally from Dar es Salaam to Johannesburg, Lusaka and now Harare, and has a significant Tanzanian domestic network including flights from Dar es Salaam to Mwanza, Kilimanjaro and Mbeya.