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."

fastjet Passenger Statistics for October 2013

fastjet Plc is pleased to announce its passenger statistics for the month of October 2013. fastjet operations in Tanzania carried a record total of 33,778 passengers achieving an average load factor of 70 per cent, despite a 14 per cent increase in capacity.

Ancillary revenue (from baggage, ticket changes and in-flight retail) accounted for over 10 per cent of total revenues (up from 7 per cent in June) and continues to grow rapidly. Following the recent introduction of fastjet's first international route linking Dar es Salaam and Johannesburg, cargo revenues are also expected to grow significantly.

Yet the sp still heading down, not in these but have watched from the sidelines since before their consolidation, what a disaster (so far) for holders.
2517

Fastjet Tanzania appoints four new Directors

Ed Winter, Interim Chairman and Chief Executive Officer of fastjet, said: "I am delighted we have two such prominent members of the Tanzanian business community joining fastjet's Tanzanian Board. Ami Mpungwe and Lawrence Masha bring a wealth of knowledge and experience of the African, and specifically Tanzanian, business and political landscape. We look forward to working with them to continue to build our increasingly successful airline. We are proud of the fact that fastjet has helped both democratize air travel and improve the quality of aviation in Tanzania. We employ a growing Tanzanian workforce - indeed we are currently looking to recruit an additional 15 East African pilots - and the people of Tanzania have repeatedly expressed their whole-hearted support. The appointment of two such prominent Non-Executive Directors is further testament to our commitment to Tanzania.

"This is a very positive time for fastjet. As recently announced, we have recently started operating internationally with our route linking Dar es Salaam and Johannesburg and the newly-launched Dar es Salaam to Mbeya route has been so successful that we have rapidly added extra capacity to meet demand."

http://www.moneyam.com/action/news/showArticle?id=4714228

fastjet launches second international route to Lusaka; celebrates one year anniversary

fastjet, Africa's low cost airline, is delighted to announce the launch of its second international route from Dar es Salaam, Tanzania to Lusaka, Zambia. Today's launch coincides with celebrations marking one year of successful flight operations from fastjet's main hub at Dar es Salaam's Julius Nyerere airport in Tanzania.

http://www.moneyam.com/action/news/showArticle?id=4715034

3.05p +0.20p

had a spike since .............

Equity Devs issued a report this morning. admittedly paid for research, but with an 8.5p target with subject to's:-

Critics laughed at Stelios Haji-Ioannou and Michael O'Reilly when they
founded budget airlines, Easyjet and Ryanair 2-3 decades ago. Together
these two low cost carriers (LCC) are now worth over £10bn.

fastjet is attempting the same feat in sub-Saharan Africa, a continent
bristling with 'lion' economies and an expanding middle class, but burdened
by high airfares and poor transport systems.

 From a standing start 12 months ago, the firm has already proved the
LCC model works in Tanzania. The next task is to drive the Tanzanian
unit to profitability (est Q3'14), and then rollout services across South
Africa (Q3'14) and Kenya (Q4'15). Here it intends to own equity stakes of
25% and 49% respectively, and provide Airline Management Services
(AMS). By 2018, the 'enlarged' fastjet group is forecast to carry 5.8m
passengers, using a fleet of 23 (A320 family) jets, up from 3 today.

 We believe this ambitious plan is feasible, since there is enormous pent
up demand in the region. In October fastjet flew a record 33,778
passengers, achieving a load factor of 70%, despite increasing capacity by
14% in the month. Ancillary revenue also soared to 10% of sales, while in
June average fares jumped 76% to $81/seat from $46 in January.
Currently, bookings across the entire fastjet network look strong
and early indicators point to a successful festive season.

 For those countries (eg Nigeria) where no direct ownership is envisaged,
the Board aims to license its brand and provide LCC expertise under its
AMS division. Delivering rapid geographical expansion at minimal cost.

 With regards to funding, a short term 'equity' facility is presently being
provided by Darwin Strategic (subsidiary of Henderson Global). We expect
another $5m to be drawn-down under this arrangement, until longer term
finance (est $15m) is put in place after the group has restructured (mid
2014) its Fly540 'turbo-prop' business - which was injected into the group
by Lonrho in July 2012 in exchange for 115.8m shares.

Part of the recent price weakness has been caused by Lonrho dumping its
entire stake (or c.2.5m/day) on to the market. This overhang was cleared on
14th November. Our target price has been set at 8.5p/share, based on a
21% discount rate and assuming suitable funding is available.

hxxp://www.equitydevelopment.co.uk/doc/1144.pdf

Since the Lonhro stake sale the shares seem to have stop falling and going side ways till the last couple days

Pokerchips
Posts: 136
Observation
Opinion: No Opinion
Price: 2.73
Ed Winter - chat highlightsToday 12:00I picked out these highlights......

"We are in ongoing discussions to fly to Uganda and we hope to confirm flights there soon.Discussions about a route to Entebbe are well advanced and we will bring more news about this route very soon."

"Flights to Kenya are very much in our future plans.We are negotiating to start flights to Nairobi but as you say we are experiencing some resistance.540 Kenya still continues to operate smaller aircraft for the moment.
We very much hope to be operating to Nairobi early next year subject to government approval.Dar to Nairobi is also subject to government approval "

"Plans are well advanced in South Africa and we are aiming to launch next year with a comprehensive route network.Discussions are well advanced on our South Africa operations,"

"We don't have any vacancies for cabin crew at present but we do invite cabin crew applications via our website"

"Zimbabwe route?Flights to Harare are certainly in our plans"

"Fastjet marketing currently features on 2 popular radio stations in the Johannesburg metropolitan area, in addition to this we have undertaken extensive PR and continue to grow our large social media following to ensure visibility in South Africa. As we grow bigger this will be ramped up even further"

"The directors of Fastjet are totally confident in our ability to fund the ongoing expansion of the airline

Issue of Equity

fastjet (AIM:FJET) is pleased to announce that it has raised £1,332,800 via a draw down on its Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin").

Under the terms of the EFF agreement the Company raised gross proceeds of £1,332,800 by way of the issue of 47,600,000 ordinary shares of 1 pence ("Shares") each to Darwin at a price of 2.8 pence per Share (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 47,600,000 ordinary shares to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the EFF Shares will commence on 6 December 2013 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise 512,050,590 ordinary shares with voting rights. This figure of 512,050,590 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

ENDS

fastJet Passenger Statistics for November 2013

And take off..

Looks interesting, certainly has potential to do well in this region and the need to improve safety in this region. south Africa being on board will be a big step !

Up again atm.

sp down 8% today not looking good.

Sub 3p....again.

I must be able to come up with a pairs trading strategy for these and SXX.

You mean 'how to lose your money twice as fast as normal' ? ;o)

Sounds about right! :-)

fastjet launches worldwide distribution channels

fastjet, Africa's low cost airline, has signed two agreements that will allow travel agents worldwide to access and sell its flights.

The recently-signed agreement with Skyscanner, the award-winning flight comparison company, will enable consumers to compare fastjet's flight schedules and prices against those of other African carriers via www.skyscanner.net.

Visitors to the site will then be able to link directly to fastjet's website and book their flights. Skyscanner currently has over 25 million unique visitors every month.

fastjet has also signed an agreement with Hahn Air Systems, a sister company and client of Hahn Air.

Through Hahn Air Systems' e-alliance product, fastjet flights will be available within all of the main Global Distribution Systems (GDS), including Amadeus, Sabre and Travelport.

GDS distribution will give fastjet access to over 91,000 travel agencies worldwide and the link with Hahn Air Systems will provide unencumbered and low cost access to these systems.

It is anticipated that fastjet's flights will feature on the GDS within the next month.

fastjet Passenger Statistics for December 2013

fastjet plc is pleased to announce its passenger statistics for the month of December 2013.

fastjet operations in Tanzania carried a total of 37,458 passengers in the month, the highest number of passengers in one month since fastjet started operations, and achieved an average load factor of 71 per cent. The average yield per passenger was a record $97, compared to $50 in December 2012. Total revenue for the month was $3.6m, considerably more than previous months and exceeding $3 million for the first time since the start of operations.

A key contributing factor to December's strong performance was the Dar es Salaam to Mbeya route which increased in frequency from three to four flights per week on 1st December, and then to daily flights on 16th December. Despite these capacity increases, the route achieved an excellent average load factor of 68% for the full month.

The passenger numbers carried by the legacy 540 businesses fell slightly year on year with restructuring.

more...

Operational Update - Zambia

fastjet plc is pleased to announce that it is in discussions with the Zambian government with the intention of creating a fastjet operation based in Lusaka.

The Board see the business and political environment in Zambia as very progressive and fastjet's discussions to date with the Zambian government, Tourist Board and other stakeholders have been very positive. The Company believes the establishment of a fastjet operation would bring benefits to the country and Zambian people through the expansion of trade and tourism links as well increase safety and reliability improvements to the Zambian aviation industry.

It is anticipated that the new operation, whilst being distributed and marketed as a part of the pan-African fastjet network, would be a Zambian registered company in which fastjet plc will have a substantial stake.

fastjet will progress its application for an Air Services Licence and Air Operator Certificate as rapidly as possible but this process is likely to take up to six months. In the meantime, fastjet will be bringing its flights to the Zambian people on the Lusaka Dar-es-Salaam route that went on sale recently and has already recorded strong interest and sales.