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."

I bought in here today also, graph starting to look more positive so had a dabble.

Statement re: Closure of Jomo Kenyatta Airport

The Company notes news reports regarding the closure of Jomo Kenyatta airport, in Nairobi, Kenya due to a fire, reported to be in the terminal building.

The fly540 Kenya operation from Nairobi is therefore presently suspended. The Company is not aware of any injuries or casualties amongst its passengers or staff. The safety of passengers and employees remains fastjet's top priority. Once the extent of the damage to the airport facilities is clear the Company intends to implement a plan to resume operations as soon as possible.

Other operations, including those in neighboring Tanzania are not affected by this closure, and indeed may benefit to some degree from international passengers routing through Dar es Salaam rather than Nairobi in response to the closure.

The Company will provide a further update in due course.

Nairobi fire an unexpected bonus for fjet today - just hope no one was hurt or injured in it
business wise should benefit fjet

Short term it will be a loss of revenue and therefore a reduction in profit. Long term, any benefit escapes me, but I am sure someone will enlighten me!

fire - nope other airlines will be diverted through fjet at other airports in the short term at least

& they don't make 'em like they used to..... http://www.youtube.com/watch?v=kn15BUFBvu8

Resumption of Fly540 Kenya Flights

Resumption of Fly540 Kenya flights

Following the fire in Nairobi at Jomo Kenyatta Airport yesterday morning we are pleased to announce that Fly540 Kenya flights resumed yesterday evening with two flights departing Nairobi for Mombasa and Kisumu. We expect to operate a full schedule today

Bought in today looks good long term..

FastJet to soon open new domestic and international routes

http://www.proactiveinvestors.co.uk/companies/stocktube/2137/fastjet-too-soon-open-new-domestic-and-international-routes--2137.html

ditto was already in - looks good short & long term

Topped up here 96 to buy 96 to sell..

Fastjet in discussions about more international routes

August 16 2013, 8:41am Low cost African carrier Fastjet (LON:FJET) reported a 40% year-on-year increase in passenger numbers last month (July),


http://www.proactiveinvestors.co.uk/companies/news/60100/qa-fastjet-looking-for-more-international-routes-60100.html

Stock Tube

http://www.frequency.com/video/fastjet-to-soon-open-new-domestic/113267760/-/5-2304

yep I am very comfortable with my holding here gl

Issue of Equity

fastjet (AIM:FJET) is pleased to announce that it has raised £1,612,000 via a draw down on its Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin"), a majority owned subsidiary of Henderson Global Investors Volantis Capital ("Henderson").

Under the terms of the EFF agreement the Company raised gross proceeds of £1,612,000 by way of the issue of 161,200,000 shares of 1p each to Darwin (the "EFF Shares"). The new EFF Shares have been issued and rank pari passu in all respects with existing ordinary shares of 1p each in fastjet.

Application has been made to the London Stock Exchange for a total of 16,120,000 ordinary shares of 1p each to be admitted to trading on AIM based on the the proposed consolidation and sub division of share capital being approved at the Extraordinary General Meeting today. It is expected that the admission will become effective and that trading in the new shares will commence on 22 August 2013 ("Admission").

- ENDS -

Result of GM and Capital Reorganisation

fastjet (AIM:FJET) is pleased to announce that the resolutions put to shareholders at the Company's General Meeting held earlier today were duly passed.

Capital Reorganisation

The reorganisation of share capital will therefore become effective. Application has been made for the New Ordinary Shares to be admitted to trading on AIM. Dealing in the New Ordinary Shares is expected to commence on 8:00 a.m. on Tuesday 20 August 2013 with ISIN GB00BCW3PK51.

The General Meeting was convened pursuant to the notice of general meeting and proposed reorganisation of share capital (the "Circular") posted to shareholders on 2 August 2013, which is available from the Company's website, www.fastjet.com. Defined terms used in this announcement have the meanings given in this Circular.

- ENDS -

Another piece from Atino or courtesy of who amongst over things is a good researcher from the other side..

http://www.dradio.de/dlf/sendungen/wirtschaftammittag/2221113/

A bit of a rise today pre tomorrows consolidation..

yes - but a bit of a drop today??

As sure as days follows night....

Up 780%. I knew I should have bought some....!!!!!! ;o)

"Result of General Meeting & Capital Reorganisation

fastjet (AIM:FJET) is pleased to announce that the resolutions put to shareholders at the Company's General Meeting held earlier today were duly passed.

Capital Reorganisation

The reorganisation of share capital will therefore become effective. Application has been made for the New Ordinary Shares to be admitted to trading on AIM. Dealing in the New Ordinary Shares is expected to commence on 8:00 a.m. on Tuesday 20 August 2013."

Proposed reorganisation
Although the mid-market price of Ordinary Shares as at the close of business on 2 August 2013 was 1.28p, the Ordinary Shares have in recent months frequently been trading on AIM at a price below their nominal value of 1p per share. The issue of new shares by a UK company at a price below their nominal value is prohibited by UK company law and accordingly the ability of the Company to raise funds by way of the issue of further equity has been inhibited.

The Company needs to raise funds in the near future in order to drive its medium and longer-term expansion, as well as for its short-term working capital. It is essential that the Company has the ability to raise additional funds to continue its on-going business.

As stated in the Company's 2012 Report and Accounts, fastjet is looking at different ways to restructure legacy Fly 540 loss-making parts of its business. An announcement will be made in due course, once those plans have been finalised.

Accordingly the Directors are seeking Shareholders' authority to implement the Reorganisation to create a differential between the nominal value of the Ordinary Shares and their market price to facilitate future share issues.

In addition the share price levels at which the Ordinary Shares have recently traded means that small absolute movements in the share price represent large percentage movements, resulting in share price volatility. In addition, the Directors believe that the bid offer spread at these price levels can be disproportionate, to the detriment of Shareholders. Accordingly the Reorganisation will also have the effect of a consolidation of the Ordinary Shares on a one for ten basis.

Details of the proposed Reorganisation and the proposed amendments to the Articles are set out below.

Share Capital Reorganisation
As at 1 August 2013, being the latest practicable date prior to the publication of this document, the total issued share capital of the Company was £29,864,725.70 divided into 2,986,472,570 Existing Ordinary Shares. As announced by the Company on 31 July 2013 application has been made to the London Stock Exchange for a total of 66,000,000 Ordinary Shares to be admitted to trading on AIM. It is expected that the Admission of these Ordinary Shares will become effective and that trading in the new shares will commence on 5 August 2013. Following the Admission of these Ordinary Shares, the Company's enlarged issued share capital will comprise of 3,052,472,570 Ordinary Shares.

It is proposed that the following steps shall be taken in relation to the Company's share capital to effect the Reorganisation:

(a) the Existing Ordinary Shares of 1 pence will be consolidated on the basis of one Interim Ordinary Share of 10 pence each for every 10 Existing Ordinary Shares; and

(b) immediately following such consolidation each Interim Ordinary Share will be subdivided and converted into one New Ordinary Share of 1 pence and one B Deferred Share of 9 pence each.

Ordinary Shares
As a consequence of the Reorganisation each Shareholder's holding of New Ordinary Shares will (ignoring fractional entitlements) immediately following the Reorganisation becoming effective be one tenth of the number of Existing Ordinary Shares held by them on the Record Date (being 5pm on the day of the General meeting). However each Shareholder's proportionate interest in the Company's issued ordinary share capital will remain unchanged as a result of the proposed Reorganisation.

lol H

seems to be recovering again now