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."

Application for Kenya Air Service Licence

fastjet, Africa's low cost airline, has incorporated a company in Kenya (fastjet Kenya) as part of its goal to launch a Kenyan base. Further, fastjet Kenya has submitted its Air Service Licence (ASL) application to the Kenyan Civil Aviation Authority (KCAA).

To comply with local airline ownership rules in Kenya, 51% of the equity of fastjet Kenya is owned by a Kenyan national. The balance of 49% is ultimately held by fastjet plc.

The ASL application process requires all airlines to formally submit a detailed business plan incorporating its proposed operation, network, aircraft specification, operational plan and commercial strategy.

The ASL is a significant step toward obtaining a full Air Operating Certificate which will allow the commencement of operations domestically within and internationally from Kenya.

The KCAA has indicated that the application, along with all other applications, will be gazetted in Kenya on Friday 29 August 2014. The public hearing will be held 21 days after publication, following which a decision will be rendered by the authority.

"This is an important step for fastjet" said Ed Winter, Chief Executive Officer of fastjet. "We have submitted a comprehensive application to the authorities who have confirmed that fastjet Kenya has entered the approval process.

We look forward to bringing the fastjet operation to Kenya, offering our market stimulating fares, our excellent on time performance and friendly service. We are excited at the prospect of extending the footprint of the fastjet operation through greater penetration of the African market with a Kenyan-based airline. This is in addition to the application for fastjet Tanzania to operate services into Kenya from Tanzania. The process for designation of fastjet Tanzania is ongoing."

Fastjet also wishes to comment on the recent outbreak of Ebola in West Africa on which it has received a number of enquiries. Whilst the senior management of fastjet is monitoring the outbreak, it can confirm that there have been no reported cases in any of the fastjet destinations.

Monrovia, the capital city of Liberia which is the nearest country effected by the outbreak, is 8,150 km from Dar es Salaam (compared to 7,150km from Monrovia to London). Additionally, there are currently no direct flights between West Africa and Tanzania. The fastjet business has not been affected by the epidemic. fastjet extends its condolences to all those affected by Ebola.




- ENDS -

fastjet launches "SmartClass" and "Freighty" services

fastjet, Africa's low cost airline, is delighted to announce the following innovative additions to its ancillary services:

SmartClass
From 1st September, fastjet will offer its passengers the opportunity to purchase a premium fare, or 'SmartClass', on all its flights. By upgrading to SmartClass, passengers will enjoy advance premium seat allocation, an increased baggage allowance of up to 32kg, and the ability to change flight dates as many times as required at no additional cost

Smartclass fares will start at $160 one way plus government taxes for domestic flights and $450 for international routes.

Freighty
In addition to this, from today, fastjet's international passengers can carry up to 80 Kilos of hold luggage by purchasing its 'freighty' upgrade package. This package is designed to appeal to those that fly with fastjet to either collect or purchase wholesale produce from the port and markets in Dar es Salaam to sell in their home markets. fastjet discovered that while these traders were using fastjet to travel to Dar es Salaam, they were using ground transportation to get back home. In the case of Harare for example, this equates to a 3 day bus journey. The freighty upgrade will offer passengers the opportunity to return home on a fastjet flight.

The cost of the freight upgrade package is $80 for baggage weighing up to eighty kilograms.

Commenting on these new products, Chief Commercial Officer Richard Bodin said:

"After extensive research, we concluded that whilst all our passengers love our prices, on time performance and service, some require an enhanced experience when booking and flying with us. By creating SmartClass we can provide additional flexibility, quick disembarkation from the front rows, and the ability to travel with a baggage allowance more appropriate to the needs of today's business traveller - all as part of a single, simple, all-inclusive fare.

"We have also learnt a great deal from talking to our international passengers on flights from Harare and Lusaka and their feedback has led us to introduce the innovative 'freighty' product. It's a simple product enhancement, which is easy to administer and will allow our passengers to benefit from the large capacity of our aircrafts holds.

We will continue to innovate and adapt the low cost model to fit the demands of our African customers, the market opportunities and the infrastructure in which we operate and in doing so also effectively diversify fastjet's revenue streams."

Launch of route between Tanzania and Uganda

fastjet, Africa's low cost airline, is delighted to announce that it is launching flights between Dar es Salaam and Entebbe. Entebbe is fastjet's fourth international destination and the new route will be the only direct air link between the two African capitals. Tickets for the new route go on sale today.

Flights are planned to commence on Tuesday the 16th September, and will operate on Tuesdays and Thursdays for the first weeks of September, increasing to four flights a week from the 29th September.

Since Air Uganda ceased flying, the fares offered by other carriers for flights in and out of the country have risen steadily. With its market stimulating fares, starting from as low as US$50 plus government taxes, fastjet is confident that it will have a strong competitive advantage and that this new route will be a commercial success.

fastjet Passenger Statistics for August 2014

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

fastjet operations in Tanzania carried a total of 65,489 passengers and achieved a load factor of 79%. Compared with the same month last year, the number of passengers carried has increased by 98%.

Month on month, capacity has risen by 15% with 83,085 seats flown in August compared to 72,355 in July.

Punctuality for the month remained excellent, with 94% of flights arriving on time (Note 3), despite having added extra flights.

Is Fasjet ready to motor?
Over 11m volume today on less than 2 hours trading, news comes positive for a while now. Lets see if the floor has been reached on the chart.

21M of volume, share price moving higher

ED Winter New.

http://youtu.be/GQjsosY3LGk

StockMarketWire.com
fastjet, Africa's low cost airline, has announced that during yesterday's one day sale it sold 23,000 seats, a record for the airline.

The airline holds several one day sales throughout the year to stimulate seat sales across its network. Targeting off-season periods with traditionally lower demand, the company uses low fares to maximise sales opportunities and achieve high load factors, a key strategy in low cost carrier revenue management.

Richard Bodin, CCO of fastjet said: "We were extremely pleased to discover that yesterday's sale broke all fastjet records, with queues in front of sales offices, our call centre inundated and fastjet.com receiving a very high volume of traffic.

"During the sale we processed our highest number of transactions since the airline launched in 2012, testament to our ability to communicate with the market and stimulate demand successfully."

Good news all along recently and share price performing accordingly

Mentor
Agree nice recovery from my 1.22p top up.

nice recovery alright 1.55p at the moment

Mentor
Nice rise today starting to leave the runway 10p+ in our sights.

Interim Results for the six months ended 30 June 2014

Strong growth in first half passenger numbers
New international routes launched


Interim Results

fastjet, the low cost African airline, announces its unaudited interim results for the six months ended 30 June 2014 and operational highlights of 2014 to date.


Financial highlights

· Tanzania first-half revenues grew 96% to $19.0 million, with a 41.5% increase in passenger numbers.
· Tanzanian average revenue per passenger for the period grew 39.3% to $81.65.
· First-half underlying EBIT loss of $30.5 million, including US$13.9 million trading losses in the Tanzanian operation.
· Fly540 Ghana and Angola had a $13.5 million adverse effect on the first half financial results of which $6.4 million related to a foreign exchange revaluation adjustment of US Dollar liabilities, and during the period under review, less than $100,000 of fastjet Plc cash was utilised in legacy Fly540 operations.

Operational highlights

· Flights successfully launched from Dar es Salaam (Tanzania) to Lusaka (Zambia) February 2014, from Dar es Salaam to Harare (Zimbabwe) August 2014 and from Dar es Salaam to Entebbe (Uganda) launched September 2014.
· Fly540 Ghana and Fly540 Angola loss-making services remain suspended, with restructuring activity underway.
· The Group disposed of its investment in Five Forty Aviation Limited (Kenya) in June 2014.
· fastjet Tanzania aircraft utilisation increased from 5.5 hours to 7.9 hours per aircraft per day during the period and reached 9.9 hours per aircraft per day by the end of August, on track to achieve the target of 11.5 hours.
· fastjet Tanzania punctuality averaged an excellent 90% (arrival within 15 minutes) during the period.
· A variety of additional revenue streams were added to the business mix during the period - including car rentals, hotels and car parking.

Winter: Fastjet to become 'profitable by the end of 1H 2015'

Passenger Statistics for September 2014

fastjet operations in Tanzania carried a total of 57,756 passengers and achieved a load factor of 74%. Compared with the same month last year, this represents a 79% increase in the number of passengers carried.

Punctuality for the month remained excellent, with 88% of flights arriving on time (Note 3).

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

"I am delighted to see such strong total passenger numbers and high load factor for September compared to August, a peak travel month. Our capacity will continue to grow during October with increased frequency on the Entebbe and Kilimanjaro routes and we expect to see an increase in average utilisation per aircraft to 10.2 hours, closer to our target of 11.7 hours."

Operational Update

fastjet announces that it has experienced recent operational issues in Tanzania affecting its flight programme. These have now been resolved and normal operations are expected to resume tomorrow.

A combination of bird strikes and maintenance delays has resulted in a number of fastjet flights being delayed and others being cancelled.

fastjet evaluated the possibility of leasing an aircraft to cover the reduction in its fleet but was unable to source a suitable aircraft in the required timeframe.

fastjet aircraft encountered an unprecedented total of four 'bird strikes' in two weeks, with two large birds colliding with the nose cone of the aircraft, and two hitting the aircraft engines fan blades.

Safety remains fastjet's top priority, so following each incident the aircraft were thoroughly inspected and repaired by engineers to be certified before return to operation. In addition to this, a fastjet aircraft on scheduled maintenance (C-check) was delayed in returning to operation due to repairs taking much longer than expected.

The cancellations and delays have had a minimal impact on either total passenger numbers or financial results .

Commenting on these events, Ed Winter Chief Executive Officer and interim Chairman said: "We have apologised to all passengers affected by this unfortunate combination of events. Our staff have done everything possible to take care of and communicate with affected customers. It is highly unusual to have had four bird strikes in such a short period of time; these coinciding with a maintenance delay compounded the situation.

"Going forward, we are working with the relevant authorities to improve the management of the Mwanza airfield and surrounding areas to reduce the likelihood of bird strikes in the future. Also, as we execute our plan to add more aircraft to the fleet, we would expect similar circumstances to have a smaller impact on operations."

StockMarketWire.com
Fastjet, Africa's low-cost airline, has signed a digital distribution agreement with Qunar.com, one of China's largest consumer travel portals attracting 75 million monthly visitors and 34 million mobile app users.

fastjet flights will be available to view on Qunar.com with click through traffic being referred to fastjet.com to convert.

fastjet head of commercial, Ellis Cain-Jones, said: "This is an extremely exciting venture, with passenger traffic from Asia and particularly China realising significant year-on-year growth. We already have agreements with a number of travel agents specialising in ticket sales to the Chinese market, but this represents a firm step to increase numbers and direct sales. The number of Chinese passengers flying into East Africa is already significant and offering fastjet fares and schedules to this growing market will only be positive for the airline."

fastjet Passenger Statistics for October 2014

fastjet operations in Tanzania carried a total of 59,830 passengers and achieved a load factor of 74%. Compared with the same month last year, this represents a 77% increase in the number of passengers carried.

Punctuality for the month remained excellent, with 95% of flights arriving on time Note 3.

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

"I am delighted to see such strong total passenger numbers and high load factor for what is traditionally a low travel month. Passenger numbers grew month on month as we added additional flights to Entebbe and recorded strong passenger increases on our flights to Harare."

Zambia Air Service Permit (ASP) granted
fastjet plc is pleased to announce that fastjet Zambia Ltd has received an Air Service Permit (ASP) from the authorities in Zambia.
The ASP approval marks a major step towards launching fastjet operations in Zambia and will give the airline the authority to operate air services to both domestic and international destinations within and from Zambia.
The fastjet Zambia team is now focused on continuing the submission of the necessary documents and manuals to complete the application process for an Air Operating Certificate (AOC) which will then allow the commencement of operations.
Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said:
"We have been working tirelessly to roll out the fastjet model across the region and obtaining the ASP in Zambia is a really positive step forward. We still have to obtain the full AOC, but this vote of confidence from the authorities is a major step along that road.
"Timescales before the first flight will be dependent on the time taken for the authorities to review the AOC application documents. We look forward to going on sale and commencing operations in Zambia once that process has been completed."
fastjet commenced the process of obtaining the necessary licences earlier this year. Receiving an ASP means that the Zambian Civil Aviation Authority and the Ministry of Transport has approved the business plan, aircraft choice and proposed structure of the planned airline as appropriate to operate in Zambia.
Zambia will be fastjet's second base from which it plans to operate low cost flights to various destinations in East and Southern Africa. Prices on regional routes from Zambia are currently very high especially so where a monopoly operator controls the route. Fastjet is confident that its low cost model will stimulate the market.

Uganda 5th Freedom Flights approved by Uganda
In addition, fastjet plc is pleased to announce that it has received permission from the Uganda Civil Aviation Authority to operate flights from Uganda to Juba, Nairobi, Kigali and Johannesburg under "5th Freedom" rights using Tanzanian based aircraft. Once the authorities in the relevant countries provide their approvals fastjet Tanzania will be able to offer flights linking Entebbe with these destinations.

fastjet commenced operations from Dar es Salaam to Entebbe on the 16th September, and added additional flights in October and this new permission will further establish fastjet in Uganda and assist in the process of offering additional destinations to fastjet's growing network.

Since Air Uganda ceased flying, the fares offered by other carriers for flights linking Uganda regionally have risen steadily. With fares, starting from as low as US$50 plus government taxes, fastjet is confident that it will attract considerable customer support.

Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said: "5th Freedom rights present a fantastic opportunity to increase the Tanzanian network, increasing aircraft utilisation and also establishing the fastjet brand in Uganda without the immediate establishment of a full Ugandan base. "

IATA definition 5th Freedom: This freedom is also sometimes referred to as "beyond rights". It is the right of an airline from one country to land in a second country, to then pick up passengers and fly on to a third country where the passengers then deplane

Tanzania
The Company is pleased to announce it has signed an agreement to enable Tanzanian participation in the ownership of fastjet Airlines Limited, its Tanzanian based airline (fastjet Tanzania).
fastjet Plc and fastjet Tanzania today entered into an agreement with Enterprise Growth Market Advisors Limited (EGMA) for the purpose of selling an interest in fastjet Tanzania to Tanzanian investors. As part of that agreement, fastjet Tanzania today issued 835 shares in its share capital (the Tanzania Shares) to fastjet International Limited, a company incorporated in Tanzania (fastjet Holdco), which is in turn is owned by four Tanzanian nationals including Ami Mpungwe, George Carmichael Theobald, John Corse and Sophia Rwegellera (the Tanzania Shareholders). fastjet Tanzania also issued a further 17 shares in fastjet Tanzania to each of Ami Mpungwe and Lawrence Masha, the two Tanzanian non-executive directors of fastjet Tanzania, being 34 shares in total and representing 2% of its enlarged share capital. The issue of these shares, which were issued nil paid, brings the total Tanzanian legal and beneficial ownership of fastjet Tanzania to 51%.
Under the terms of the arrangement, the Tanzania Shareholders have agreed to sell their interest in fastjet Holdco and/or fastjet Tanzania to such Tanzanian investors (Subsequent Tanzanian Investors), at such price and on such terms as may from time to time be specified by fastjet Plc (the Placing Arrangements). Each of the Tanzania Shares (and the shares held by them in fastjet Holdco) which has not been transferred by the Tanzanian Shareholder to a Subsequent Tanzanian Investor is at all times subject to a call option in favour of fastjet Plc for the sum of USD 0.01 for each of the Tanzania Shares.
As a consequence of these changes fastjet Tanzania is expected to benefit from entry into new markets and have greater access to more international African destinations through the various Bilateral Air Service Agreements to which Tanzania is a party.
The Board of fastjet believes that the issue of the new shares and the Placing Arrangements will provide the near term benefit of local shareholding in Tanzania. It will initiate the process of finding suitable long term Tanzanian shareholders with the aim of fulfilling fastjet's ambition of having airline companies in strategic African jurisdictions which are part owned by nationals of the countries in which they are based to help in creating a truly pan-African airline.
The issue of the Tanzania Shares will not provide any immediate cash release as the Tanzania Shares will be held by fastjet Holdco on a non paid up basis pending their sale to Subsequent Tanzanian Investors.
Funding
As set out in the interim results in September, until the contribution from operations exceeds central costs, there will be a requirement for additional funding for the Group. Furthermore, additional funding will be required for each significant phase of expansion including that in Zambia and Uganda, outlined above, as well as its near term working capital.
The Board is in discussions with a number of potential funders, including industry partners and specialist African investors, with a view to investment both at the Group level and at the individual operating company level. The Company is aiming to complete this necessary funding by early in the New Year.

Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said "We are delighted to have found a suitable structure which allows for Tanzanian participation in fastjet Tanzania, whilst providing the opportunity to raise capital from local Tanzanian investors. This is a positive and logical step in the implementation of our model of local investment and local finance for growth, and will aid in fastjet Tanzania being granted additional rights under Bilateral Air Service Agreements with other African countries on the continent.
It is pleasing to see that as a result of Management focus on the regulatory framework, approvals in both Uganda and Zambia have been granted. This is a very significant step along the road to becoming a truly pan African Low Cost airline."

November passenger statistics and operational update



As fastjet celebrates two years of successful operations since its first flight on 29th November 2012 the Company today updates on November passenger statistics, current outlook for December and the impact of the fall in oil prices.

November

fastjet operations in Tanzania carried a total of 63,146 passengers, a 90 per cent increase compared to the same month last year, and achieved a load factor of 77 per cent. The Company's On Time Performance remains excellent at 91 per cent.

December forward sales fastjet reports a very positive forward sales position for December with a 99 per cent increase in current ticketed sales and a 30 per cent jump in average yield versus December 2013. To meet high season demand, fastjet has adjusted the December flying programme to allow for the operation of additional flights on certain routes, maximising revenue opportunities for the month. These extra flights are selling well.

Fuel

fastjet is also pleased to provide an update on the impact of the recent reduction in oil prices on its business.

fastjet does not currently pre-purchase or 'hedge' its future fuel price. The Company pays current market rates for its fuel and is therefore realising substantial benefits from the reduction in the cost of crude oil.

Although fastjet operates fuel-efficient modern Airbus 319 aircraft, fuel represents a very significant percentage of its direct operating costs. As such, the fall in the price of oil delivers a large direct cash benefit to the airline.

The airline procures its fuel via a central buying platform that consolidates the requirements of a significant number of small airlines across Africa. This 'group purchase' plan provides both economies of scale not usually enjoyed by an airline of fastjet's size, and unencumbered access to fuel across the continent.

Commenting on the above, Ed Winter Interim Chairman and Chief Executive Officer of fastjet plc said, "We are very pleased with our trading position in Tanzania. November results are strong as we maximise our market leading position in the country. December is a critical month and the early signs are very positive.."

"With fuel representing around 40% of our operating costs and oil prices forecast to remain at these low levels through early 2015, fastjet is directly benefitting from the reduced oil price."

____________________________________________________________________________
Month ending November 2014 November 2013 Change

Passengers Note 1 63,146 33,320 90%

Load Factor Note 2 77% 72% +5pp

Rolling 12 months ending November 2014 November 2013 Change

Passengers Note 1 569,031 357,602 59%

_______________________________________________________________________________



Notes:

1. "Passengers" are sold seats flown, excluding infants. fastjet bookings are generally non-refundable.

2. "Load Factor" is the number of 'passengers" as a percentage of the number of available seats flown.

3. "on time" - arrival earlier than or within 15 minutes of schedule