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."

Sovereign Investor tips Fastjet ( FJET )

'Inexpensive Play on African Growth'

When people progress from subsistence living to consumerism, investment profits explode. That’s because it’s not just a single person here or there who has a few extra dollars to spend … it’s tens of millions of people with extra dollars to spend. And they’re all spending on the same things: better food, better housing, better education for their kids, and a host of consumer items ranging from TVs and refrigerators to cars, cellphones and vacations.

While Western investors don’t see this, numerous Western companies do. They’re rushing in to grab their piece of the burgeoning African consumer market … and you would be wise to the do the same.

EasyJet is the latest example of a Western company that sees the huge potential in Africa. The company built its name as a leader among Europe’s low-cost air carriers, and today shuttles some 55 million passengers all around the Continent every year.

Now its brand of low-cost travel is invading Africa. The company’s founder, Sir Stelios Haji-Ioannou, has helped launch FastJet, an easyJet knock-off that begins its life in Tanzania, and aims to spread across East Africa and then into Ghana and other markets where a consumer class is quickly emerging. The company recently agreed to buy a South African low-cost airline out of liquidation, giving the company additional routes.

The low-cost model promises to revolutionize Africa the way cellphones did. Planes will be a leapfrogging technology in that the continent’s roads are often undrivable and rail infrastructure is rudimentary at best – assuming it even exists.

As FastJet expands, economies will ramp up at even faster-than-expected growth rates. Businessmen in Dar es Salaam along Tanzania’s east coast, for instance, will be able to get to Mwanza in the north in just 90 minutes and for as little as $125 roundtrip. Prior to FastJet, the trip was roughly 15 hours one way, on a bus, across questionable roads.

Linking the two cities with low-cost air service means businessmen can fly back and forth in a single day. Economic activity will pick up, which begets increasing prosperity for locals, which begets a larger and larger consumer class … which ultimately means profits for investors who understand the trend that FastJet is exploiting.

An Inexpensive Play on African Growth … Through London

America has had its day in the sun. Before that, Europe did. Asia is still basking in the early glow of sunrise … and in Africa, dawn’s faintest rays are only now coloring the still-dark horizon.

But early investors here will make very large sums of money – the kind of money you bequeath to heirs through your estate. The path will certainly be bumpy at times, but when you follow investors like Sir Stelios and his low-cost airline model, you are following in the footsteps of some of the smartest money around.

This is money that understands the changes that are reshaping a continent that most Westerners still associate with Sally Struthers and her incessant pleas to wipe out famine. They think of political corruption, kleptocracies, genocides and war. What they miss out on is that a lot of that has died away, and in its place are emerging more-stable governments, capitalist economies, new stock markets, and a rash of companies that are serving the growing middle class.

For investors who have the patience and can accept the inherent risks, FastJet is publicly traded in London, under the symbol FJET. The stock currently trades at about £0.038 (US$0.06), and it’s a long-term, speculative buy.

If the company hits its 2013 mark of operating 10 to 15 Airbus A319s (the workhorse, 737 of the Airbus fleet), if it can manage to fill between 70% and 75% of its aircraft, and if it inks a partnership with Dubai’s fast-growing Emirates Airline that wants to expand into Kenya and other parts of Africa, then FastJet will prove to be a fantastic way for investors to play consumer growth in Africa.

Looks interesting.
New era in Africa with lots of money being spent around.

Share price is going places again today, after the late mark down on Friday, most likely the MMs play the usual game.... trying to shake a few nervy holders to square their book but with no much success, so this morning mark up again. from the 4.15p close to 4.225p, price before the games.

BREAKOUT

And that was it a SPIKE to 4.475p, looks like a record volume is on the cards today, already over 21M on 2 hours of trading

up to 4.675p now as volume has reached 25m on 3 hours of trading

risky! lol

I have reached the conclution that as many over here, you have no idea of shares or business or strategies

not sure how you gleaned so much from one line but heyho - i know africa very well that is how i know there is very high risk apart from far from world class business and political scene out there - sensible peeps will cash in now - wait for the drop and buy back if they want to continue this high risk play - at least they will have more shares for their buck if this ever lives to potential being hyped for it - at keast there is no corruption in africa LOL!

are you a woman?

there is risk in India nowdays say the news, but people goes there.

there is risk in crossing the road, but many do every day.

in order to make money one have to research and take risk some times, not seating by the PC and say nonesence.

What are you doing here if you do not want to take risk?

The stock market is a risky business, we all know ( except you ), but one can get better return than just buy for the dividend or in a deposit account.

it seems you bore and just postting, the "facebook" maybe is much better for you

I think the reward by far overweights the risk. Fjet cleared the floating price which is a very good sign.

I think the risk for this company is little given the experience of the management and that little, if any, competition. The population is young ....etc.

After the recent 50% Fibonacci retracement @4.05p today is rising again with lots of large buying trades .

UP to 4.35p now as the large trades kept appearing on the ticker

hardly any selling and earlier delayed put as a sell was a buy naturally the price moved up so it shows as sell

Bounce from 50% fibonacci retracement

FJET - Fastjet to unveil first international services:

African no-frills carrier Fastjet is expecting to announce its first international routes in the next few weeks with planned flights from Tanzania to South Africa and Uganda.

The airline, which is being backed by Easyjet founder Sir Stelios Haji-Ioannou, launched operations in November with two domestic services from Das es Salaam in Tanzania.

Fastjet said that it “expects to announce regional routes to Entebbe in Uganda, Johannesburg in South Africa and Moroni in the Comoros Islands in the next few weeks”.

The airline is currently flying from Dar es Salaam to Mwanza and Kilimanjaro – Fastjet said it had carried 30,000 passengers during its first month of operation in December.

Fastjet has plans to become the first pan-African no-frills airline operating across the continent.

It has also launched a mobile payment service through telecoms firm Vodacom which allows customers to buy airline tickets through their phones.

“This new partnership means that today more than 9 million subscribers to M-PESA Tanzania are able to book and pay for Fastjet tickets with their mobile phones and will receive booking and payment confirmations by SMS,” said Fastjet.

“Credit and debit card payments are expected to be introduced next month, providing a further easy payment option for international passengers.”

fastjet-to-unveil-first-international-services

I have added to my stake in FJET. I own some as shares, and have an additional spreadbet with IGindex. I expect this to be one of the strongest growers in my portfolio this year.

I am aware of the risks - both in it being an airline stock and in being dependent on infrastructures in parts of Africa that are less dependable.

The large shorting has done a big damage for the last few days, price leveling at 3.35 should be ready to bounce back from here

sp seems to be in a tailspin!

RNS Number : 2274X

Fastjet PLC

6 February 2013

Press Speculation

In response to recent misleading press reports, the Board of fastjet plc wishes to clarify its position relating to false and damaging statements made by Don Smith, CEO of Fly540 Kenya, the Group's Kenyan subsidiary.

The Company categorically refutes claims made by Don Smith regarding any unpaid consideration for the purchase of its interest in Fly540 Kenya and numerous other unsubstantiated claims made through the press in recent weeks. fastjet, following consultation with its senior legal advisors in East Africa, is preparing to take legal action against him should he not cease and desist.

Commenting on the recent allegations, fastjet Chairman David Lenigas said:

"fastjet is committed to conducting its business in an open, transparent and entirely legal manner through the proper channels. The Company does not intend to continue rebutting false allegations through the press but will take legal action over any further such claims.

"fastjet has paid Don Smith and his partners well in excess of US$6 million for their interest in Fly540 and associated brands and we will now aggressively seek to have our purchase contracts enforced."

"The Company will not tolerate coercive and underhand practises. Issues created by Don Smith in Kenya have not and will not affect fastjet's overall plan of becoming Africa's first pan-continental low-cost carrier."

"The Company's position in Kenya, just one small part of our overall expansion plan, has already been secured through its MoU with Jetlink, announced last week. We feel that Jetlink, which already has IOSA accreditation, is a far better Kenyan partner for fastjet given our standards of safety, security and reliability . Following an extensive review, we concluded that Jetlink would provide a better long term launch-pad for fastjet due to its superior infrastructure and accreditations to service and manage a fleet of modern large jet aircraft."

"Africa carries nearly 4% of global passenger air traffic but unfortunately today accounts for nearly 25% of the world's aviation accidents. Our mission to bring safe air travel to the people of Africa requires high standards and constant vigilance that these are being met."

fastjet CEO Ed Winter added:

"Where previously undisclosed historic debts accumulated by Don Smith and Fly540 have come to light post-acquisition, fastjet is working closely with creditors to reach a satisfactory conclusion for all parties involved. We do not agree with the amounts mentioned in recent press articles are and where amounts are recognised as owing do not deem them significant in relation to the business as a whole. These isolated issues are not affecting the day to day operations of fastjet or any of our operations in Angola or Ghana that fly under a separate Fly540Africa brand."

"fastjet will seek to recover these undisclosed debts and any other amounts due under the warranties given by Don Smith and his partners in their agreement to sell their interest in Fly540 Kenya to fastjet in June last year."

"The fastjet management team remains steadfastly committed to the Company's development, building on our success in Tanzania and continued growth towards democratising African air travel and becoming the first pan-continental low-cost carrier."

"In the meantime, we continue to work with the relevant authorities in other countries in Africa to expand the fastjet network."

fastjet welcomes support from Tanzanian government

Pan African low-cost carrier fastjet is delighted at the recognition of its services by the Tanzanian government in a leading national Tanzanian newspaper.

fastjet has been operating in Tanzania since November 2012 in close cooperation with local transport authorities and government. Deputy transport minister Dr Charles Tizeba told the Daily News, a leading Tanzanian newspaper, that "having an airline that provides affordable fares for the majority of the people is what matters to the government".

fastjet chief executive Ed Winter said: "fastjet is incredibly pleased with the progress it has made in Tanzania and values the government's ongoing support here. This solid foundation strengthens the ongoing negotiations with other governments across Africa keen to introduce a safe, reliable and affordable airline."

At 1:17pm: (LON:FJET) share price was +0.28p at 3.55p

I just heard that the big greek man is threating to sell millions of shares, he is the main man behind fast jet. what is going on !? Are we heading for a nose dive ? or what.