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."

Still here I missed the last low waiting to top up.

South African upgrades, Fastjet turns to cargo

http://www.aircargoworld.com/Air-Cargo-News/2013/09/south-african-upgrades-fastjet-turns-to-cargo/3015414

Since yesterday looks like it wants to change direction again after the recent retracement
All buying earlier on

5 days chart

StockMarketWire.com
Africa low-cost airline fastjet has raised £1,250,000 via a draw down on its equity financing facility with Darwin Strategic Limited, a majority owned subsidiary of Henderson Global Investors Volantis Capital.

Under the terms of the EFF agreement the company raised gross proceeds of £1,250,000 through the issue of 20,833,333 shares at 6p apiece.

very good opportunity right now imo - gla

gibby

I agree had a small top up today still early days..

The financing method could be a bit better going by todays fall though.

yep not a preferred method just a means to an end

expect a bounce next week - nice 5M + buy end of day

Well oversold the only place this is going is up.

10p again within weeks!

Fastjet confirms date for international flight

fastjet, Africa's first low cost airline, is pleased to announce that it will commence international flight operations on Friday 18th October. The airline's first international flight, from Dar es Salaam's Julius Nyerere International Airport in Tanzania to Johannesburg's O.R. Tambo International Airport in South Africa, is scheduled to depart at 09h15 on Friday morning and will arrive in South Africa at 11h45, local time. Flights between the two cities will initially be operated by fastjet three times a week on Mondays, Wednesdays and Fridays, increasing in frequency as soon as consumer demand dictates.

Some Pi's got there head in a spin.
Good buying Opp..

just topped up @ 4.20 but showing as a sell, why?

Perhaps trying to give you a hint? ;o)

you could be right hc only time will tell.

a sort of a bounce from lows of the day, as buying got on the way, but suddenly the bid is marked down ( MMs games ) to stop the buying going on further.
a 85K buy paid premium 5.40p offer at 5.35p

Sp finished sub 4p.

Topped up at 4p hope this is the bottom..

Passenger Statistics and Operational Update

hmmmmmmm The decrease in load factor, from 84% in August to 76% in September, was driven by an increase in capacity on the Dar es Salaam to Mwanza route, as fastjet introduced additional flights following the approval of night operations at Mwanza airport.'