We are obviously expecting a loss this year. If our BOD envisage the need for future funding then there needs to be a change of strategy now. I would not participate in any future placing. I would welcome a sale of Fjet plc once our two new bases are fully operational. Most brokers put a value above £2 a share. A bigger airline might to better placed with funds and time to turn Fjet into a profitable pan African airliner.
Really impressed with the speed at which tickets seem to be selling on the HRE-VFA-HRE route. Already, after only 72 hours, we have flights with no LOWEST FARES remaining and one on the 1st November has the STANDARD CLASS fare raised to $125, when booking for one person, or greater if you require more seats. That is the good news.
In contrast, the DAR-JNB-DAR route remains selling most fares in the coming week and beyond at base fare in STANDARD CLASS and even has LOWEST FARES remaining for next weeks flights. When you consider we require to utilise 50% of an aircraft to operate this route (8.5 hour return flight 24/7), it cannot be a profitable route to operate, and it has now been operational for exactly 2 years now.
In an 8/9 hour window, that same aircraft could be used for 2 rotations on the DAR to MWZ, JRO or MBI routes, or 3 rotations on the HRE-VFA route, where it could potentially earn a multiple of the revenue being earned on the JNB route. It is just not good utilisation of an aircraft operating that route.
Curiosity? Nigeria has a population close on 180 million. I reckon there must be, at a conservative estimate, say 20k of those people working in aviation or closely related fields. Of all those people, I consider it pretty unlikely that less than 600 are checking on fastjet's progress. Bear in mind too that tens of thousands of Kenyans will have read about fastjet's progress on blogs like Wolfgang's, eturbonews, anna aero and the like.
Good article, although the author said we commenced operations in November 2013 and we were approaching our 2nd anniversary, we actually commenced operations in November 2012 and are approaching our 3rd anniversary. However, all else is very accurate and balanced.
"Subject to getting landing rights according to the existing Bilateral Air Service Agreements Zimbabwe has in place will Fastjet place a second aircraft in Harare and procurement has already started for another Airbus A319."
Wolfgang article posted by fatherelmer - 08th October 2015
Don't forget internet penetration rates are low, its not the norm for everyone to use the net as much as European's do. For example in and around Dar es salaam they have advertising boards with specific routes and prices which look good and many travel agents selling tickets around the city.
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