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 in fast lane with new route launch

Budget African airline Fastjet (FJET) has launched its second international route, flying between Dar es Salaam in Tanzania and Lusaka in Zambia on Saturday.
Tickets for the flights between Lusaka's Kenneth Kaunda International Airport and Dar es Salaam's Julius Nyerere International Airport first went on sale in December 2013, with prices starting at $75 (£45.65) for a one-way flight. The first flight from Lusaka was full.

Interim chairman and chief executive Ed Winter commented: "Fastjet has been able to expand its international network by working closely with the governments of Tanzania and Zambia, who understand and value the positive impact that low-cost air travel can have on the lives of their citizens and the general economy."

"WE'RE BUSY DOING NOTHING,
WORKING THE WHOLE DAY THROUGH.
TRYING TO FIND LOTS OF THINGS,
NOT TO DO.
WE'RE BUSY GOING NOWHERE,
ISN'T IT JUST A CRIME?"

fastjet Passenger Statistics for January 2014

fastjet Passenger Statistics for January 2014

fastjet plc is pleased to announce its passenger statistics for the month of January 2014.

fastjet operations in Tanzania carried a total of 31,241 passengers and achieved a load factor of 60 per cent. The average yield per passenger was $88, compared to $46 in January 2013. Total revenue for the month was $2.75m, a 128 per cent increase from January 2013 with only a 27 per cent increase in capacity.

The passenger numbers carried by the legacy 540 businesses, particularly in Angola, continued to fall year-on-year as those businesses undergo significant restructuring.

Punctuality remained outstanding with 97 per cent of flights operating on time. Note 5

Ed Winter, interim Chairman and Chief Executive Officer of fastjet, said: "I am very satisfied with our performance for January. The post-Christmas period is traditionally one of the slowest months of the year but fastjet has avoided deep discounts and has successfully focussed on maintaining a strong yield. An average yield of $88 per passenger exceeded our expectations and the large growth in yield per passenger year-on-year clearly demonstrates the strong, continuing development of the Tanzanian air travel market and of the fastjet brand.

Our new Dar es Salaam to Lusaka route is proving particularly popular with the Zambian people. All our flights out of Lusaka have been fully booked and I am confident that this route will grow substantially."

fastjet appoints Jimmy Kibati as General Manager East Africa

fastjet plc is pleased to announce the appointment of Jimmy Kibati as fastjet General Manager, East Africa. Jimmy joins from Kenya Airways where he is currently Acting Commercial Director.

Working alongside the fastjet management team, Jimmy will be responsible for leading the airline's expansion in East Africa. He will take up his new position on 17th March 2014 and initially be based in Dar-es-Salaam, overseeing fastjet Tanzania.

Ed Winter, interim Chairman and Chief Executive Officer, said: "I am absolutely delighted that we have recruited such a high calibre airline executive to spearhead fastjet's expansion in East Africa. Jimmy's vast experience in the East African aviation market will be invaluable as we fulfil our goal of becoming a truly pan-African low cost airline.

"Jimmy's appointment underlines the confidence which fastjet's track record has generated within the industry."

Jimmy Kibati has over 20 years' experience in the commercial airline business, having joined Kenya Airways in 1992 immediately following the completion of his studies at Kenyatta University, Nairobi, Kenya.

During his time at the airline, Jimmy has progressed through various senior Commercial positions, including Manager of Network Planning & Alliances, Area Manager Uganda, Rwanda and Burundi and Head of Network Planning & Airline Strategy.

Jimmy left Kenya Airways in 2005 to join the startup carrier Virgin Nigeria, as Head of Network Planning & Commercial Development, was promoted to Director of Commercial Planning in 2008, and finally to Chief Commercial Officer, where he led the re- branding of the airline to Nigerian Eagle.

Rejoining Kenya Airways as Head of Network Planning and Airline Strategy in 2010, Jimmy led 'Project Mawingu,' Kenya Airways' 10-Year Strategic plan, and also headed the team that worked on the process that led to Kenya Airways becoming a full member of the Skyteam Alliance in June 2010.

Jimmy has been accredited as Kenya Airways' representative in the Skyteam Alliance, the KQ Chair leading the expansion of the KQ/KLM Joint Venture relationship, and the African representative of IATA's Simplifying the Business Steering Committee. He was also responsible for the government portfolio, where he engaged various regulatory and government authorities to gain market access for Kenya Airways' expansion.

In January 2013, Jimmy was appointed Acting Commercial Director of Kenya Airways, where he oversaw the restructuring of the airline's commercial department and drove the execution of the company's commercial and planning strategies, including plans for the B787 Dreamliner and B777-300 fleet's entry into service and new growth plans into Asia and Africa.

Issue of Equity

Fastjet (AIM:FJET) is pleased to announce that it has raised GBP950,000 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 GBP950,000 by way of the issue of 47,500,000 ordinary shares of 1pence ("Shares") each to Darwin at a price of 2pence 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 47,500,000 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 3 March 2014 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise 549,786,440 ordinary shares with voting rights. This figure of 597,286,440 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

Passenger Statistics for February 2014 & EFF

Could fall 50% from here imo.

Skinny,
Do you still hold this share?
They have been issuing shares since it was 4p before consolidation. I was trapped then!!!

Yes I still hold this dogshare!

Open Offer

Fastjet Plc. (AIM:FJET) is pleased to announce, further to the announcement of 10 April, an open offer of up to 245,834,991 new Ordinary Shares in the capital of the Company.

In order to provide Qualifying Shareholders with an opportunity to participate in an issue of Ordinary Shares at the same price as the placing of new Ordinary Shares which raised gross proceeds of £11 million announced on 10 April 2014, the Company is making the Open Offer to permit all Qualifying Shareholders to subscribe at the Issue Price for an aggregate of up to 245,834,991 Ordinary Shares, to raise gross proceeds of up to a maximum of approximately £3.9 million.

The Issue Price of 1.6 pence per Ordinary Share represents a discount of approximately 7.2 per cent. to the closing middle market price of 1.725 pence on 15 April 2014.

fastjet Passenger Statistics for March 2014

fastjet plc is pleased to announce its passenger statistics for the month of March 2014.

fastjet operations in Tanzania carried a total of 34,536 passengers and achieved a load factor of 67%. The average yield per passenger was $88 compared to $52 in March 2013.

Punctuality remained excellent with 90% of flights arriving on timeNote 5, despite some prolonged periods of extremely adverse weather conditions.

Ed Winter, interim Chairman and Chief Executive Officer of fastjet, said:

"These are very good results for the month of March considering that demand is generally low at this time of year and that the peak Easter period falls in April.

This will be the last month when we announce our average per passenger yield as this information is increasingly becoming competitively sensitive in Tanzania.

Passenger numbers carried by the legacy Fly540 operations continue to decline, as expected, as we restructure those businesses."

Will Africa see Fastjet expand?

The low-cost carrier Fastjet is trying to spread its wings across the African continent by introducing new routes to its hub in Dar-es-Salaam, Tanzania.


http://www.bbc.co.uk/programmes/p01xtgxv

The rights issue closes next week, I can't make my mind up!

Restructuring of Fly 540 Angola and Ghana

Restructuring of Fly 540 Angola and Ghana

fastjet, Africa's low cost airline, today confirms that as previously announced, two of its loss-making Fly540 businesses are being restructured with the objective of increasing shareholder value. The Fly 540 businesses operate on a traditional airline model and not the fastjet low cost model.

After a detailed evaluation of the potential of Fly540 in both Ghana and Angola, fastjet has concluded that, although these countries present very significant long-term opportunities for the fastjet low cost model, in the short term fastjet intends to fully focus on the considerable potential of opportunities in East and Southern Africa. As a key part of the restructuring, two group-owned ATR aircraft previously operating in Ghana and Angola have been taken out of service and are currently in the process of being sold. While a leased aircraft continues to operate in Ghana, the Angolan operation has been temporarily suspended, pending the return to service of two leased aircraft on completion of required maintenance. Further details on the restructuring of both 540 operations will be announced in due course.

Fastjet interim chairman and CEO, Ed Winter, said: "Management has been carefully considering how best to restructure the Fly540 business which we inherited and this is a highly significant and very positive development in that process.

"We are currently focused on expanding the low cost fastjet network in East and Southern Africa by establishing bases in Zambia, Kenya and South Africa and these plans are progressing well. However, our overall vision is to create a pan-African low-cost network and, as such, launching the low cost fastjet model in both Angola and Ghana remains firmly part of the Company's long-term plans."

Result of Open Offer & Placing

fastjet plc (AIM:FJET), Africa's low cost airline, today announces that its Open Offer which launched on 16 April 2014, closed for applications at 11 a.m. on 6 May 2014. The Company is pleased to report that individual investors took up the majority of the Offer Shares and the balance placed with an institutional investor, raising aggregate gross proceeds of £3.9 million.

The Open Offer permitted all Qualifying Shareholders to subscribe at 1.6p per ordinary share of 1 pence in the capital of the Company ("Ordinary Share") for an aggregate of up to 245,834,991 Ordinary Shares of which 145,683,383 Ordinary Shares have been subscribed, being 59% of the total available and raising gross proceeds of approximately £2.3 million.

Following the Open Offer 100,151,608 Ordinary Shares (the "Placing Shares"), being the number of Offer Shares not subscribed under the Open Offer have been placed with an institutional investor (the "Placing") at a price of 1.6 pence per Placing Share, raising gross proceeds of approximately £1.6 million.

In addition to the net proceeds of the £11 million placing which completed on the 16th April, the £3.9 million proceeds of the Open Offer and subsequent Placing will provide further funds for the Group's expansion plans and working capital requirements.

The Open Offer remains conditional upon inter alia admission of the Offer Shares ("Admission") occurring by 8:00 a.m. on 8 May 2014 (or such later time or date as the Company may determine).

more..

fastjet Plc Ready for take-off

http://www.equitydevelopment.co.uk/doc/1214.pdf

fastjet Passenger Statistics for April 2014

fastjet plc is pleased to announce its passenger statistics for the month of April 2014.

fastjet operations in Tanzania carried a total of 35,763 passengers and achieved a load factor of 66%.

During the month, the frequent closure of airports and roads due to prolonged periods of extremely adverse weather conditions led to a decrease in punctuality, with 79% of flights arriving on time Note 5.

fastjet is also pleased to announce that its recent sale, which took place on 30th April 2014, was highly successful with almost 23,000 bookings made across all our routes, including for the upcoming summer period.

During the sale, traffic to fastjet's website increased very significantly, with web hits up by 977% compared to the same day in March 2014. Unique users (visitors to the site using a guest ID) increased by 163% in Tanzania and 210% in South Africa as new customers took advantage of fastjet's attractive low fares. The Company also set up 'pop-up shops' in several locations in Tanzania, providing temporary distribution facilities to purchase tickets. These shops were well-received and this is an initiative that fastjet will consider repeating.

Ed Winter, interim Chairman and Chief Executive Officer of fastjet plc, said: "I am very satisfied with these results for the month of April. Apart from the Easter weekend, demand is generally low at this time of year - with the continued rainy season often bringing travel to a halt - so this has been a strong performance. Passenger numbers carried by the legacy Fly540 operations continue to decline, as expected, as we restructure those businesses."


Commenting on the success of the sale, Chief Commercial Officer, Richard Bodin, said: "From a sales and distribution perspective, our sale saw the most successful day in fastjet's history, with record-breaking ticket sales, conversion rates and mobile payment transactions. The success of the sale has put us in a strong position as we head into the high season."

Restructuring update

Further to its statement on 29 April 2014, fastjet today announces that Fly 540 operations in Ghana are being temporarily suspended pending further restructuring. Fly 540 has served notice on the leasing agreement it holds on one ATR aircraft in Ghana.

As previously announced, fastjet has concluded that although Ghana presents very significant long-term opportunities for the fastjet low-cost model; in the short term the Company intends to fully focus on the considerable potential of opportunities in East and Southern Africa, and this legacy 540 operation is not therefore part of the core low cost fastjet model

fastjet will continue to provide additional updates as appropriate.

Henderson Global Investors > 5%

Vidacos Nominees < 7%

Henderson Global Investors > 11%