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."

Appointment of Nomad and Joint Broker

Interim results for the 6 months to 30 June 2015

Operational highlights
H1 2015

· fastjet Tanzania
o 51% increase in aircraft utilisation (from 6.4 to 9.7 block hours per aircraft per day)
o 56% increase in total capacity (seats flown)
o 94% punctuality - (arrival earlier than or within 15 minutes of schedule)

· Legacy businesses
o Disposal of 100% of fastjet's holding in Fly 540 Ghana
o Loss-making services of Fly 540 Angola remain suspended
Q3 2015
· Routes
o New international route added from Dar es Salaam to Malawi
o Flight frequencies increased on many existing routes

· Aircraft
o Fourth fastjet Tanzania aircraft entered into service in September 2015
o First fastjet Zimbabwe aircraft, the fifth aircraft in the fastjet group fleet, arrived in Harare on 18 September 2015
o As announced today, first owned aircraft was delivered on 25 September 2015. The sixth in the fastjet group fleet and expected to be the first in the fastjet Zambia fleet

Financial highlights
H1 2015

· fastjet Tanzania
o First half revenues US$31.5 million (H1 2014 US$19.0 million)
o 7% increase in average revenue per passenger to US$86.61 (H1 2014 US$81.69)
o 56% increase in passengers carried to 363,769 (H1 2014 232,855)
o First half losses before tax of US$9.0 million (H1 2014 US$13.9m)

· fastjet Group

o Operating loss before exceptionals US$12.8 million (H1 2014 US$17.3 million)
o Operating loss after exceptionals US$12.8 million (H1 2014 US$19.8 million)
o Closing net cash US$70.0 million (H1 2014 US$17.9 million)
o US$75 million equity fund raise (before costs), significantly broadening the institutional shareholder base
o Share capital reorganisation - consolidation of ordinary shares on the basis of one new share of £1 each for every 100 shares of 1p each


Ed Winter, fastjet Chief Executive Officer, commented:

"Using the same assets as in H1 2014, three Airbus A319s, in H1 2015, through better utilisation we increased the number of seats flown by 56 per cent, total revenue increased by 66 per cent and operating losses reduced by 26%; a great achievement.

"Since then, in Q3 2015, we have doubled the size of the fleet to six and are well on our way to having three bases, Tanzania, Zambia and Zimbabwe fully operational by the end of the year. This expansion of the fleet and network is particularly important in laying the foundations for profitable growth in 2016

"Whilst we have seen these very significant improvements, African currencies have lost considerable value against the US dollar, which combined with a worldwide reduction in commodity prices, has caused an economic downturn in both Tanzania and Zambia. In addition, the start of operations in Zambia and Zimbabwe has been delayed into Q4. Accordingly the Board has downgraded its forecast for full year 2015 but is confident of meeting its expectations for 2016. "

Fastjet Fleet Expansion

fastjet Passenger Statistics for September 2015

fastjet operations in Tanzania carried a total of 76,595 passengers in September 2015 and achieved a load factor of 64%. Compared with the same month last year, the number of passengers carried has increased by 33%.

Month on month, capacity on the fastjet route network rose by 15%. The Company's fourth aircraft joined the fastjet Tanzania fleet on 1 September allowing for the introduction of daily flights between Dar es Salaam and Johannesburg. On 14 September, the frequency of flights on other routes increased with 5 daily flights to Mwanza and 4 daily flights to Kilimanjaro now offered from Dar es Salaam as well as daily flights from Kilimanjaro to Mwanza, Lusaka and Harare.

Punctuality for the month remained excellent, with 93% of flights arriving on time Note 3.

Ed Winter, fastjet Chief Executive Officer, said: "As outlined in our interim results statement on 28 September, difficult trading conditions in Tanzania have placed pressure on revenues and load factors. In light of this, and a significant increase in capacity, we are pleased to have achieved a load factor of 64%.

"I am also delighted to report that we are in the final stages of the Air Operator Certificate application process in Zimbabwe, with the demonstration flight having been completed on 30 September."

Change of Directorate

Skinny,
Any idea why it has fallen today?

Not really - a bit more here.

Assuming Avgas falls in line with the Brent crude price, it's a bit worrying that FJET aren't benefiting. I can't imagine they are big enough to hedge their fuel costs, so when crude goes up, margins are going to be squeezed even more, imo. I am not a holder.

StockMarketWire.com
fastjet, Africa's low-cost airline, has signed a sales and distribution contract with Emirates, the world's largest airline by international traffic.

The agreement that allows Emirates' passengers access to fastjet's growing route network across East and Southern Africa. Emirates passengers will be able to book fastjet tickets on all of Emirates' sales channels using a bespoke link between Emirates and fastjets reservations system. Emirates currently flies to over 140 destinations across the world, including 20 in Africa, while fastjet is rapidly becoming the leading pan African low-cost carrier. fastjet says the partnership will benefit both airlines with greater passenger traffic and will give travellers in Africa the opportunity to connect to the rest of the world through Emirates' Dubai hub with fastjet providing passengers from African towns and cities. fastjet chief commercial officer Richard Bodin said: "We are absolutely delighted to be working with such a highly regarded and successful airline. Not only will it allow us access to the millions of passengers that Emirates carries, it is also a significant validation of our operation, service and proven low-cost model. We look forward to greeting Emirates passengers on board our aircraft."

fastjet granted Air Service Licence in Kenya

fastjet (AIM:FJET), Africa's low-cost airline, is pleased to announce that fastjet Kenya Ltd has been granted an Air Service Licence (ASL) by the Kenya Civil Aviation Authority (KCAA). The granting of the ASL clears the way for fastjet Kenya to commence the application process for an Air Operator Certificate (AOC) which, once received, will allow the airline to operate domestic flights within Kenya.

The AOC application process will involve an in depth review of fastjet Kenya's planned safety management system, operational manuals and structures, its senior staff, fleet, maintenance facilities and technical capability. An early stage of the process includes agreeing a timetable for the application process with the KCAA.

Commenting on this significant development, fastjet Chief Executive Officer Ed Winter said: "The granting of the Kenya ASL is a major step forward in fastjet's plans to become a truly pan-African low-cost airline. Following recently announced progress towards the Zambia AOC and the receipt of our AOC in Zimbabwe last week, today's announcement signals a very substantial acceleration in the development of the fastjet network and our future growth plans.

"We are very pleased that the Kenyan Civil Aviation Authority has recognised the important part that we can play in developing Kenyan aviation. We very much look forward to working with the KCAA towards fastjet Kenya's first flights."

Liberum Capital Buy 88.00 87.00 230.00 230.00 Reiterates

LOL....in your dreams!

Perchance to dream! :-)

StockMarketWire.com
Fastjet operations carried a total of 73,758 passengers in October and achieved a load factor of 63%.

The amount of seats offered across the network has grown by almost 14,000 compared to October 2014 (a 23% increase in capacity).

Due to the launch of fastjet Zimbabwe on 28 October, the two flights that operated between Harare and Victoria Falls in October feature in the total.

Punctuality for the month remained excellent, with 91% of fastjet Tanzania flights arriving on time, despite some severe weather that resulted in flooding across Tanzania.

Chief executive Ed Winter said: "The load factor this month has been significantly affected by a change in market demand in Tanzania due to the presidential elections. We expected a downturn in the few days leading to the election and on the day itself. However, due to the unusually competitive nature of this year's elections, people tended to suspend travel plans until the inauguration. There have been no significant reports of civil unrest in the country and I am pleased to report that bookings are beginning to return to expected levels. "I am also delighted with the successful launch of fastjet Zimbabwe. We have clearly captured the imagination of the Zimbabwean market having sold over 2,600 seats in a few short weeks on our first route which links Harare with Victoria Falls. We are working hard on growing the network to and from Zimbabwe and our applications to operate to various regional countries have already been sent by the Civil Aviation Authority of Zimbabwe."

fastjet Passenger Statistics for November 2015 and Launch of new route

fastjet operations carried a total of 62,843 passengers in November 2015. The load factor for the month was 60%, down 3% on the prior month, primarily due to the prolonged effect of the presidential election in Tanzania, which has yet to result in a Cabinet being appointed or a budget being agreed. This has reduced demand from governmental and civil service traffic, and had an adverse effect on travel more widely in the country.

Severe weather in November led to a slight reduction in punctuality, with 84% of fastjet Tanzania flights arriving on time Note 3. However, 100% of fastjet Zimbabwe flights arrived on time, an excellent performance in its first month of operation.

During the month, fastjet also launched a new route between Dar es Salaam, Johannesburg and Zanzibar. Tickets for the new route are currently on sale, with operations commencing in January 2016 with daily flights between Dar es Salaam and Zanzibar.

fastjet launches flights to Kenya


fastjet (AIM: FJET), Africa's low-cost airline, is delighted to announce that fastjet Tanzania has been given clearance by the Kenyan government to operate flights between Kenya and Tanzania under the Bilateral Air Services Agreement between the two countries, as previously approved by the Tanzanian Government. Two new routes, Dar es Salaam to Nairobi, and Kilimanjaro to Nairobi are on sale from today, with one way fares starting from as low as at USD80 and USD50 respectively, plus tax.

From 11 January 2016, fastjet Tanzania will operate a daily flight between Dar es Salaam and Nairobi and between Kilimanjaro and Nairobi. Flights between Zanzibar and Nairobi and Dar es Salaam and Mombasa are also expected to be added to the network later in 2016.

StockMarketWire.com
fastjet, Africa's low-cost airline, operated its first flights to Kenya yesterday, with planes taking off from Dar es Salaam and Kilimanjaro in Tanzania bound for Nairobi's Jomo Kenyatta International Airport. Flights are set to operate daily, with one way fares starting from as low as at USD80 and USD50 respectively, plus tax. fastjet Tanzania was given clearance by the Kenyan government as announced on 23 December 2015 to operate flights between Kenya and Tanzania under the Bilateral Air Services Agreement between the two countries, as previously approved by the Tanzanian Government.

Hmmmm.

Trading Update

fastjet (AIM:FJET), Africa's low-cost airline, today provides an update on current trading and its operations.

Further to the operational update in December 2015, the challenging market conditions affecting much of the African aviation industry have been a lot more prolonged than management originally forecast.

fastjet has already taken action to manage its operating costs and overheads and is implementing further measures including reducing capacity and rationalising the route network to align it with current demand.

Based on current management forecasts, the Board expects results for 2016 to be materially below market expectations and the Group no longer expects to be cash flow positive for the year.

The Board monitors the Company's cash position very carefully and with over $20m of cash available at the end of February 2016, and based on current forecasts, it has sufficient funds to meet its operational requirements. The Board may consider raising further funds during the year to provide additional headroom and ensure the Company has the necessary resources to fund future growth as market conditions improve.

The Company remains confident in its low-cost airline model and is well positioned to capture the significant growth potential of the developing African aviation market.

ENDS

It was always a high risk investment imo. Sorry to see the risk hasn't paid off. Hope you aren't over exposed skinny?

No @0.25% of my pot at the outset - somewhat less now!