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."

LOL....in your dreams!

Perchance to dream! :-)

StockMarketWire.com
Fastjet operations carried a total of 73,758 passengers in October and achieved a load factor of 63%.

The amount of seats offered across the network has grown by almost 14,000 compared to October 2014 (a 23% increase in capacity).

Due to the launch of fastjet Zimbabwe on 28 October, the two flights that operated between Harare and Victoria Falls in October feature in the total.

Punctuality for the month remained excellent, with 91% of fastjet Tanzania flights arriving on time, despite some severe weather that resulted in flooding across Tanzania.

Chief executive Ed Winter said: "The load factor this month has been significantly affected by a change in market demand in Tanzania due to the presidential elections. We expected a downturn in the few days leading to the election and on the day itself. However, due to the unusually competitive nature of this year's elections, people tended to suspend travel plans until the inauguration. There have been no significant reports of civil unrest in the country and I am pleased to report that bookings are beginning to return to expected levels. "I am also delighted with the successful launch of fastjet Zimbabwe. We have clearly captured the imagination of the Zimbabwean market having sold over 2,600 seats in a few short weeks on our first route which links Harare with Victoria Falls. We are working hard on growing the network to and from Zimbabwe and our applications to operate to various regional countries have already been sent by the Civil Aviation Authority of Zimbabwe."

fastjet Passenger Statistics for November 2015 and Launch of new route

fastjet operations carried a total of 62,843 passengers in November 2015. The load factor for the month was 60%, down 3% on the prior month, primarily due to the prolonged effect of the presidential election in Tanzania, which has yet to result in a Cabinet being appointed or a budget being agreed. This has reduced demand from governmental and civil service traffic, and had an adverse effect on travel more widely in the country.

Severe weather in November led to a slight reduction in punctuality, with 84% of fastjet Tanzania flights arriving on time Note 3. However, 100% of fastjet Zimbabwe flights arrived on time, an excellent performance in its first month of operation.

During the month, fastjet also launched a new route between Dar es Salaam, Johannesburg and Zanzibar. Tickets for the new route are currently on sale, with operations commencing in January 2016 with daily flights between Dar es Salaam and Zanzibar.

fastjet launches flights to Kenya


fastjet (AIM: FJET), Africa's low-cost airline, is delighted to announce that fastjet Tanzania has been given clearance by the Kenyan government to operate flights between Kenya and Tanzania under the Bilateral Air Services Agreement between the two countries, as previously approved by the Tanzanian Government. Two new routes, Dar es Salaam to Nairobi, and Kilimanjaro to Nairobi are on sale from today, with one way fares starting from as low as at USD80 and USD50 respectively, plus tax.

From 11 January 2016, fastjet Tanzania will operate a daily flight between Dar es Salaam and Nairobi and between Kilimanjaro and Nairobi. Flights between Zanzibar and Nairobi and Dar es Salaam and Mombasa are also expected to be added to the network later in 2016.

StockMarketWire.com
fastjet, Africa's low-cost airline, operated its first flights to Kenya yesterday, with planes taking off from Dar es Salaam and Kilimanjaro in Tanzania bound for Nairobi's Jomo Kenyatta International Airport. Flights are set to operate daily, with one way fares starting from as low as at USD80 and USD50 respectively, plus tax. fastjet Tanzania was given clearance by the Kenyan government as announced on 23 December 2015 to operate flights between Kenya and Tanzania under the Bilateral Air Services Agreement between the two countries, as previously approved by the Tanzanian Government.

Hmmmm.

Trading Update

fastjet (AIM:FJET), Africa's low-cost airline, today provides an update on current trading and its operations.

Further to the operational update in December 2015, the challenging market conditions affecting much of the African aviation industry have been a lot more prolonged than management originally forecast.

fastjet has already taken action to manage its operating costs and overheads and is implementing further measures including reducing capacity and rationalising the route network to align it with current demand.

Based on current management forecasts, the Board expects results for 2016 to be materially below market expectations and the Group no longer expects to be cash flow positive for the year.

The Board monitors the Company's cash position very carefully and with over $20m of cash available at the end of February 2016, and based on current forecasts, it has sufficient funds to meet its operational requirements. The Board may consider raising further funds during the year to provide additional headroom and ensure the Company has the necessary resources to fund future growth as market conditions improve.

The Company remains confident in its low-cost airline model and is well positioned to capture the significant growth potential of the developing African aviation market.

ENDS

It was always a high risk investment imo. Sorry to see the risk hasn't paid off. Hope you aren't over exposed skinny?

No @0.25% of my pot at the outset - somewhat less now!

Bloomberg reporting that FJET are to close certain routes in order to protect their core business.

http://www.bloomberg.com/news/articles/2016-03-07/fastjet-to-cut-routes-as-cash-dwindles-sending-stock-tumbling

StockMarketWire.com
fastjet is taking legal advice over a public letter from easyGroup Holdings relating to its contractual relationship with the company

fastjet says the board has noted that easyGroup chose yesterday to make immediately public a letter which it sent to fastjet.

fastjet says that while the board welcomes constructive engagement with all shareholders, it cannot understand why easyGroup, acting as either a 12.6% shareholder or brand owner, has published this particular letter without first raising its concerns with the company.

The board considers the publication of this letter as wholly inappropriate and is taking legal advice on the matter. The company holds easyGroup responsible for any damage caused to the business by the publication of this letter.

StockMarketWire.com
fastjet has announced that Tim Ingram, easyGroup Holdings Ltd's representative on the board of fastjet, has resigned with immediate effect.

Non-executive chairman Colin Child said: "The board has regrettably accepted Tim's resignation. I would like to thank Tim for his contribution and professionalism during his time on the Board and wish him well for the future."

Looks like its imploding. Not good that easygroup man goes!

StockMarketWire.com
fastjet's board has noted that easyGroup Holdings Ltd made public yesterday a letter dated 22 March which it has sent to fastjet relating to the brand licence agreement in place with the company. fastjet says the board is currently reviewing the letter with its legal advisers and will respond in due course. The Company has no further comment to add at this time and further announcements will be made as appropriate.

StockMarketWire.com
fastjet is taking legal advice over a letter it received from easyGroup on Tuesday about the brand licence agreement, which easyGroup made public on the same day.

The letter alleges that there have been a number of breaches of theagreement and requests a response from the company answering the points raised by noon on 31 March.

The company notes that if its answers are not provided by that time easyGroup has indicated that it intends to issue a notice to terminate the brand licence and may seek injunctive relief if that termination notice is not complied with. The board says it is currently reviewing the letter with its legal advisers and intends to provide a formal response to easyGroup in due course.

Fastjet Response to easyGroup letter of 22 March
As previously announced, easyGroup Holdings Ltd ("easyGroup") made public a letter dated 22 March 2016 which it had sent to fastjet relating to the Brand Licence Agreement in place with the Company.

The letter alleged that there have been a number of breaches of the Brand Licence Agreement and requested a response from the Company answering the points raised in their letter by 12 noon on 31 March 2016.

The Board has reviewed the letter and has today provided a formal response to easyGroup. Having taken legal advice, the Board does not believe fastjet is in breach of the Brand Licence Agreement.

Operational Update
fastjet (AIM: FJET), today provides an update on its application for a Zambian Air Operator Certificate ("AOC").

Further to the trading and operational update in March 2016, and as part of the Company's rationalisation of its routes to match current demand with capacity, fastjet has decided to delay its application for a Zambian AOC, to Q4 2016 pending further review of the network.

fastjet Tanzania will continue to operate international services three times a week between Dar es Salaam and Lusaka on the circular route Dar es Salaam/Lusaka/Harare/Dar es Salaam.

Operational Fleet Update

fastjet (AIM:FJET), today provides an update on its aircraft fleet.

Further to the trading and operational update in March 2016, and as part of the Company's ongoing review of its routes and fleet in order to match current demand with capacity, fastjet has agreed the early termination of the lease on one of its A319 aircraft. The aircraft, which was scheduled to come to the end of its lease term in October 2016, will come out of service immediately.

Following the return of this aircraft the fastjet fleet will comprise five aircraft, four leased (one of which comes to an end in Q4 2016) and one owned. The Board will continue to keep the fleet size under review.

ENDS

Directorate Change

The Board of fastjet (AIM: FJET) is pleased to announce the appointment of Nico Bezuidenhout as Chief Executive Officer (CEO) of the Company. Nico will take up his position and join the Board as an executive director on 1 August 2016.

Nico will be joining fastjet from Mango Airlines, the low-cost carrier subsidiary of South African Airways, where he has been CEO since Mango commenced operations ten years ago. During his tenure, Nico grew the airline's market share to 25 per cent of the South African domestic air travel market and the fleet to ten Boeing 737-800 aircraft. He also achieved the lowest unit cost within the South African aviation industry through high aircraft utilisation and sustained good load factors.

In addition to playing a pivotal role in the success of Mango, which has been profitable in eight of the past ten years, Nico has also twice acted in the capacity of interim CEO of its parent company.

more....

StockMarketWire.com
fastjet, the low-cost African airline, has written to shareholders in relation to the resolution to be proposed at the general meeting on 28 June. The purpose of the letter is to set out the background to the GM and the board's recommendation that shareholders should vote against the easyGroup resolution. The letter is available to view and download from the company's website: www.fastjet.com