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."

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

I am 90% down on this. I don't know if I should add or not.
I know most good airlines run over 80% full these days.

What do you think Skinny and others who follow this company?

Low fuel prices will help all airlines, but I think I am correct in saying that FJET only run 3 aircraft, so until they increase the size of their fleet (10 aircraft is the aim) then can't really see this stock going anywhere.

they have four aircrafts according to reports earlier this year.

FWIW - I'm also down on these @70% and have a long term limit in to buy if they fall to @0.60p.

These are a real punt for me, but if they do overcome their obstacles, could be very rewarding.

Disposal of Assets

As previously announced the Company is restructuring the Fly540 Ghana and Angola businesses. As part of that process two ATR aircraft previously operated by those companies are being sold.

Fly 540 Ghana Limited (540 Ghana) and Fly 540 Sociedade De Aviacao Civil SA (540 Angola), as a part of their historic operations, acquired two ATR aircraft (MSNs 949 and 826, together the ATRs). These aircraft were acquired by way of a financing facility provided through the African Export-Import Bank (Afreximbank), guaranteed by fastjet Aviation Limited (a BVI entity).

The ATRs have not been in use since operations ceased in Ghana and Angola earlier this year. The ATRs are surplus to current business needs and have not been generating a profit for the fastjet group, but have been accruing finance lease and other costs in both 540 Ghana and 540 Angola.

Sale agreements were entered into with Elix Assets 7 Limited (Elix), which such agreements are subject to certain conditions. The sale price is at market value to a third party being USD 11.6 million for MSN 949 and USD 9.75 million for MSN 826, payable in cash to Afreximbank as part-consideration for amounts owing under the financing facility.

As a consequence of the sale, fastjet Aviation Limited will be liable as guarantor of the original aircraft acquisition, for the shortfall in sale proceeds which is anticipated to be approximately USD 2.3 million. fastjet Plc, as shareholder of fastjet Aviation limited has no liability under this guarantee. fastjet Plc has previously provided, in its published 2014 interim financial statements, for an estimated USD 2.1 million impairment of these aircraft assets.

fastjet Zambia approval update

fastjet, Africa's low-cost airline, is pleased to announce that fastjet Zambia Ltd has received confirmation from the Zambian Civil Aviation Authority that it has successfully completed the critical 'Phase 1' of its application for an Air Operating Certificate (AOC) This is a significant step towards the launch of fastjet operations in Zambia. The next stage of the AOC process, which is well underway, allows the authorities to evaluate fastjet Zambia's planned company structure, gain first-hand understanding of fastjet's Airbus aircraft and approve fastjet Zambia's operational plan.

Commenting on the news, Ed Winter, interim Chairman and Chief Executive Officer of fastjet plc, said: "The process to obtain permission to operate in Zambia is proceeding extremely well. We have an excellent team in Zambia, who are working positively with the local authorities to complete the approval process as efficiently as possible.

"We look forward to bringing the high quality and low-cost fastjet operation to the people of Zambia soon".

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.

fastjet intends to announce its passenger statistics for December 2014 on 12 January 2015.

Passenger Statistics and Operating Update

Passenger Statistics and Operating update.

fastjet achieves first profitable trading month.

December 2014 Profit

fastjet Tanzania, the group's principal operating company, posted its first profitable trading month at an Earnings before Interest and Tax ('EBIT') level in December as it saw strong demand for its services during the very busy holiday season and benefited from low fuel prices. Yield per passenger rose 20% compared to December 2013 with total revenue for the month up 106 per cent year on year. The contribution generated by the Tanzanian operation was sufficient to create an underlying operating profit for the month at the fastjet Plc group level.

December 2014 Passenger Statistics

fastjet operations in Tanzania carried a total of 65,653 passengers, a 75 percent increase compared to the same month last year, and achieved a load factor of 76 percent, 2 percentage points up on last year.

On Time Performance remained excellent at 89 percent.

Q1 2015

Although the first quarter is traditionally a relatively low demand flying period, trading in the first quarter is expected to be much improved on last year as the excellent growth trends in both passenger numbers and yields seen in 2014 are anticipated to continue and as the Company benefits from lower fuel costs. The number of flights operating has been reduced to match capacity to expected demand and reduce costs.

Fuel

The fuel price in January will provide a further 13 percent reduction on December prices. The Company expects further reductions in February and March as the recent falls in the price of crude oil continue to flow through to African aviation fuel supplies. As stated last month, 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.

Millionth passenger

fastjet Tanzania is also celebrating the major milestone of flying one million passengers across the African continent.

This milestone represents another significant achievement for the low-cost airline as it is embraced into the hearts and minds of travellers in Tanzania and further afield across East and Southern Africa.


Commenting on December trading, Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said:

"The announcement of our first profitable trading month is a great achievement and a huge milestone on the road to becoming the first pan-African low-cost airline. We have already proven that the low-cost model works to stimulate traffic and we have now shown that it can create a profitable business. The Tanzanian fleet of three aircraft is now producing more than double the monthly revenue compared to a year ago. This higher utilisation, combined with higher per passenger revenues and lower fuel prices, has been transformational for the business.

more.......

They forgot to add FJET............

3 Airline Stocks Set To Take Off: easyJet plc, International Consolidated Airlines Grp And Ryanair Holdings plc
By Motley Fool | Mon, 12th January 2015 - 14:12

There is no hiding it - the travel sector, in particular airline stocks, are currently benefiting from plummeting oil prices. On January 12th, the Brent crude oil price dropped by 2.6% to $48.74, to a six-year low. US crude oil was also at its lowest level since 2009, down by 2.3% to $47.25 a barrel. On the back of this news, German airline Lufthansa said it expected its fuel bill for 2015 to be 13% lower than previously forecast, as a result of the low oil price.

Passengers are also turning to the low-budget UK airlines and others to escape the "winter blues" in January. I have picked three airline stocks worth investing in or re-visiting, whilst Brent crude continues its' descent below $50 a barrel and office workers continue to spend their above inflation pay-rise on a dream holiday destination.

easyJet (LSE:EZJ)

This low-budget airline founded by Sir Stelios Haji-Ioannou in 1995, reported an upsurge in passenger numbers before Christmas. The load factor - a measure of how full its aircraft were - increased by 0.5 percentage points to 89.5%, with passenger numbers by 3.1% to 4,386,296 in November against the same month in 2013. In November, the Luton-based carrier also reported a rise in annual pre-tax profits by 21.5% to £581m, with a 6.3% rise in revenue to just above £4.5bn. Due to this positive set of results, broker Liberum lifted its target price from 1,650p to 1,725p and repeated its "Buy" recommendation. Liberum analyst Gerald Khoo said although the stock's valuation is currently at a premium to its five-year average, this is "justified" by the "rapid and dramatic improvement" in the airline's margins and return on invested capital in recent years.

Ryanair (LSE:RYA)

Another low-budget airline doing well on the back of the falling oil price is easyJet's rival, Ryanair. Ryanair's shares hit a record high in early January, boosted by a rise in passenger numbers to 6.02 million in December. This rise translates to an 88% rise in seat occupancy for the month. The low-budget airline's profit warnings of 2013 seem a distant memory for investors. It has also scrapped quite a few unpopular policies that weren't currying favour with potential customers -- for instance, Ryanair now allow passengers more carry-on baggage and have cut punitive charges. It has also improved its website and launched a service aimed at business customers. In December, Ryanair raised its forecast for pre-tax profits this year to between £636m-£655m), up from an earlier estimate of £584m-£600m.

International Consolidated Airlines (LSE:IAG)

The owner of British Airways and the Spanish carrier Iberia, ICAG group is currently in pursuit of Aer Lingus. After suffering several rebuffs, it raised its cash offer from an earlier Euro 2.30 to Euro2.40 per share. If the takeover bid was successful, ICAG would gain more take-off and landing slots at Heathrow, and increase its passengers numbers on one of the world's busiest routes (London to Dublin). Analysts have talked of the merits of the Aer Lingus merger for ICAG group including strengthening its transatlantic market position. Broker Liberum has reiterated its "Buy" stance, with 16 other brokers viewing the stock as a "Strong Buy".

Has been going places for the last few days and chart looking bullish after 2 month of bottom floor
Bought some at end of day at 1.075p

Good starting day with once again large volume Buying

going places today again, noticing that some investors are taking profits from time to time.
Looks like the high volume yesterday is going to be short of today's

Volume is reaching now yesterday's levels, so ready to surpassed and most likely reaching over 100M by the end of the day

benefiting from low oil prices has been a good omen for the punters and investors alike today as the shares traded reached 127M

Today is another day as the share price fails to break the 1.55p since yesterday
Indicators well at overbought territory and share price well over the top Bollinger Band
and Level 2 not on as good as it should be

sold at 1.50p
39.50% profit on a couple days was good enough

fastjet's January 2015 passenger statistics

fastjet operations in Tanzania carried a total of 55,695 passengers in January 2015 and achieved a load factor of 69%. This represents a 78% increase in the number of passengers carried and a 9% increase in load factor compared with the same month last year,

On-Time Performance remained excellent at 94%Note 3.

Commenting on the figures, Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said: "January is traditionally the month of the year when airlines see the lowest consumer demand. We are therefore very pleased with our trading figures as we build upon our market leading position in Tanzania. We have clearly demonstrated that our low-cost model is stimulating the market and encouraging more and more people to use our reliable and affordable flights rather than road transport."


Year-on-year, the 78% increase in passengers carried in January is well ahead of the 53% increase in number of seats flown, producing a strong uplift in load factor.

fastjet launched its Spring flying programme last week featuring the commencement of the new route linking the two busiest destinations in the fastjet network (Kilimanjaro and Mwanza).

fastjet's February 2015 passenger statistics

fastjet plc is pleased to announce its passenger statistics for the month of February 2015.

The fastjet Tanzanian operations carried a total of 52,801 passengers in February with a load factor of 70%.

fastjet also continues to maintain its excellent punctuality rate with February recording 96% of flights arriving on time. Note 3

Ed Winter, Interim Chairman and Chief Executive Officer of fastjet plc, said:
"With a 50% increase in passengers we continue to see great year on year growth achieved by increased utilisation of our aircraft. As we approach Easter and peak summer months we will be adding even more capacity on existing routes and expanding our route network."

fastjet continues to benefit from falling fuel prices.
fastjet paid 13% less (cost per gallon ) in February compared with January 2015, representing a 37% reduction (cost per gallon) compared to February 2014.

Seat sale
fastjet is delighted to report that during its latest sale event it sold over 24,000 seats. As part of its commercial strategy, fastjet 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 higher load factors, a key strategy in low cost carrier revenue management. During the airline's "Mad March Sale", thousands of tickets were available at the lowest fare of $20 on domestic routes and $50 on international routes.

fastjet wins major ecommerce award for customer service
fastjet is also proud to have been awarded the top "gold" award at this year's prestigious Stevie Awards for e-Commerce and Customer Service. On 27th February, the Stevie Awards recognised our high standards of customer service through e-commerce, and chose to award us gold over the other two finalists Delta Air Lines and DHL Express. With a strong and consistent online presence, we've pioneered an online customer service revolution across Africa since our first flight on 29th November 2012. We daily communicate to over 350,000 fastjet followers through social media channels such as Facebook, Twitter and Instagram, as well as email newsletters and blog posts for news and milestones on fastjet. A number that increases with new fans and followers every day.