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FASTJET PLC - New low cost airline for Africa (FJET)     

Darshini - 22 Nov 2012 15:05

Chart.aspx?Provider=EODIntra&Code=FJET&SFJET


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."

gibby - 16 Oct 2013 08:48 - 241 of 449

'As expected, fastjet operations in Tanzania showed a small decrease in passenger numbers, 2% from 33,079 to 32,387'

irlee57 - 16 Oct 2013 14:34 - 242 of 449

forgive the pun, are we starting to take off.

driver - 16 Oct 2013 17:38 - 243 of 449

Happy to hold here Av 7.8p fjet is looking a lot healthier now than the last few days’ weeks hopefully we should now start to see the recovery of the sp..

ontheturn - 17 Oct 2013 11:40 - 244 of 449

Further bounce today, looks like the MMs wanted a double botton on the stock

naturally is very bullish the D B

Chart.aspx?Provider=EODIntra&Code=FJET&S

gibby - 17 Oct 2013 20:23 - 245 of 449

taxiing to take off position :-0

unluckyboy - 18 Oct 2013 08:20 - 246 of 449

Well we have take off. Flight left on time. Let's hope the share price takes off with it.

HARRYCAT - 18 Oct 2013 08:24 - 247 of 449

.....so the aircraft is currently struggling to reach altitude and the pilot is confronted by a decision to either return to base or ditch!

gibby - 18 Oct 2013 11:32 - 248 of 449

lol harry - cockpit warning light - plane circling and making a decision on dumping fuel first before attempting a landing................

halifax - 25 Oct 2013 12:35 - 249 of 449

RNS Lonrho reduces shareholding to 22.82%

halifax - 29 Oct 2013 16:15 - 250 of 449

RNS Lonrho baling out sold another 5 million shares.

gibby - 30 Oct 2013 10:36 - 251 of 449

well bouncing off this mornings lows - seems bottom has been reached and coming back up - trending north strongly now = blue end to the day

yeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

HARRYCAT - 30 Oct 2013 10:41 - 252 of 449

"....seems bottom has been reached...." Not sure how you conclude that? And there are another 6 hours trading today, so the "blue end" is optimistic, imo. I assume you are trading rather than investing, so hope you make money, but as an investment, this is seriously underperforming!

driver - 30 Oct 2013 11:17 - 253 of 449

HARRYCAT

I agree this has been a bit crap, been topping on way down Av now 7.5 should have waited, Still see a ten bagger here long term.

skinny - 01 Nov 2013 07:20 - 254 of 449

First fastjet flight takes off to Mbeya

First fastjet flight takes off to Mbeya

fastjet, Africa's low cost airline, announces that its first flight from Dar es Salaam to Mbeya in south west Tanzania departed on schedule this morning. Mbeya is the fifth Tanzanian destination in the fastjet network, which already includes Dar es Salaam, Mwanza, Kilimanjaro and Zanzibar.

This new route enables fastjet to provide affordable fares to the people of Mbeya, a city located close to Tanzania's borders with Zambia and Malawi. The recently opened Songwe Airport, 10km outside Mbeya, has now been upgraded to accommodate jet aircraft, enabling fastjet to commence services to and from this important, densely populated region. Bookings on the new route are extremely strong with passenger loads of over 90% on the first day's flights.

Following the recent launch of fastjet's Dar es Salaam to Johannesburg service, today's flight marks another significant milestone in the expansion of the fastjet network. fastjet now offers over 45,000 seats on more than 300 flights per month and expects to add Lusaka in Zambia to its network in the near future.

driver - 01 Nov 2013 08:57 - 255 of 449


Expanding at a good pace will be adding today fjet is looking very cheap now.

Fastjet now offers over 45,000 seats on more than 300 flights per month and expects to add Lusaka in Zambia to its network in the near future.

ontheturn - 12 Nov 2013 09:46 - 256 of 449

Some bullish news today as the price move forward since yesterday

3.75p +0.15p

12th November 2013 - fastjet sees strong demand for its new domestic route.

Additional flights added to schedule
fastjet, Africa's low cost airline, is pleased to announce that it is increasing capacity on the newly launched Dar es Salaam to Mbeya (Songwe) route in response to very high demand from its customers.

From 24(th) November a Sunday flight will be added to the existing timetable, and from 17(th) December fastjet will be operating an additional three flights per week, bringing the total number of flights per week between the two cities to seven. Tickets for additional flights will go on sale today.

The route, which was launched on the 1(st) November, has to date achieved an average load factor of 97.5%.with a number of flights selling-out completely.
Commenting on the success of the route, Richard Bodin, Chief Commercial Officer of fastjet said:

"We are thrilled with the response to the launch of the Dar es Salaam to Mbeya route. Although we knew demand for the route was likely to be high, initial passenger numbers have certainly exceeded expectations. We are delighted to be able to once again meet our customers' needs and add more capacity to this popular route.

We are seeing solid demand for our recently launched international route from Dar es Salaam to Johannesburg and are currently looking at increasing capacity on this route."

deltazero - 14 Nov 2013 11:34 - 257 of 449

time to buy? 3p!

skinny - 14 Nov 2013 12:26 - 258 of 449

Holdings in Company

The Company notifies that, it has been informed that, Lonrho Limited through Lonrho Africa (Holdings) Limited has today sold its entire holding of 52,359,745 ordinary shares in the Company at a price of 2.85 pence per share. Consequently Lonrho no longer has an interest in the share capital of the Company.

driver - 14 Nov 2013 16:07 - 259 of 449

There's only one way to go now that Lonrho have gone and that is up. Good riddence

halifax - 14 Nov 2013 16:47 - 260 of 449

rapidly reaching the end of the runway, either the wheels are about to fall off or they will soar into the bright blue sky!!
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