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The B737 is tech yet again
To operate last nights Mwanza at 0230
On top of this TCAA to take fjet to task
https://twitter.com/richngowi/status/1073461831287607296?s=21
It states that sufficient funding is available until admission. Ie until the new funding becomes available. That’s the way I read it anyway ?
Further to its announcement on 7 December 2018, fastjet, the low-cost African airline, is pleased to provide an update on the Equity Refinancing and Open Offer.
As announced by the Company on 16 November 2018 (the "16 November Announcement"), the Equity Refinancing and Open offer were conditional upon, inter alia:
(i) the Solenta Subscription Letter becoming unconditional in all respects; and
(ii) the Placing Agreement not having been terminated in accordance with its terms prior to Admission.
fastjet is pleased to announce that all remaining conditions have now been satisfied.
Accordingly, application has been made to the London Stock exchange for the New Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings for normal settlement in the New Shares on AIM will commence at 8.00 a.m. on 17 December 2018.
The Company has reviewed its current cash requirements and is able to continue operating until 21 December 2018. Therefore it has sufficient funds to continue operating until Admission. As at 12 December 2018, the Group had cash balances of US$7 million, of which US$6.5 million is restricted cash held inside Zimbabwe.
Following the issue of the 3,180,171,978 New Shares, the Company's total issued share capital will consist of 3,800,824,872 Ordinary Shares, of which none are held in treasury. The figure of 3,800,824,872 may therefore be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Group, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Definitions used in this announcement are the same as those used in the 16 November Announcement unless the context otherwise requires.
https://twitter.com/aviator_aero/status/1073281548059848704?s=21
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However the can has been kicked down the road until 21 DEC
Our CEO is a disgrace, we announce on a weekly basis how long we may be trading for, on top of that we paying for two E190 while subbing a B737 operating a shadow of a drastically reduced schedule add to this numerous cancellations, only one HRE service in a week, destroyed customer loyalty, oh and the cream on the coffee , we paying for three ATR72
Are they not embarrassed to draw their salary every mont, absolutely disgraceful if you read this Mr N.B. Shame on you
I'm delighted and somewhat amazed to find a new edition of "Places" magazine, the last incarnation of fastjet's on-board magazine for passengers, replacing TravelSmart. Dated October\December 2018, it runs to the usual 48 pages with a healthy percentage of advertising too.
https://www.fastjet.com/en/fastjet-blog/fastjet-places-magazine
So it ain't all over yet! Though the black background chosen for the front cover might just be the agency's subconscious, unintentional choice of doom.
https://twitter.com/iammrhaas/status/1073096383358488576?s=21
No. See my replies at 18:51 on Sunday and Tue 4 Dec. Why are you so obsessed with this?
News on Friday or next Monday then.....
It will take down the whole of Fjet
If the GECAS condition (ie the E190 lease) is not resolved does this take down FJET entirely or just FJ Tanzania??
Whilst it is indeed a new route, it isn't an additional one as Nampula(?) has been dropped from the schedule.
Two flights operating today
1 Mbeya
1 Mwanza
No flights so far today the B737 is technically challenged.
The company needs to get past the 14TH Dec, if they are not released from E190 lease it’s the end.
I SEE THE OO WAS CONDITIONAL WILL WE GET FUNDS BACK IF IT DOES NOT GO THROUGH .
ANY CAN ANYONE TELL ME WHEN WE WILL GET NEW SHARES IF CONDITIONS ARE MEET.
Do you know or have any connection to the Marksman on ii ?
Maputo to quelimane x 4 times per week just started? Mozambique Fastjet
And again tomorrow B737
“what name did you post under over there then ?”
Investorphobe.
Thank you for explaining what name did you post under over there then ?
There is a well poster over on ii , he mentioned he was a doctor years back and since the changes there might of stated using the title dr .
A chart guy has his own board . have a look .
Same again today flights operated by B737 I’m guessing E190 are both not available to fjet for reasons unknown, probably lease disputes.
Not too long ago I bought some Fjet shares. I have just looked into my share account and it shows that I now have 5.7 times the amount I bought but it is not registering any value per share? Can anyone help me and explain this please. Do Fjet shares still have any value on the London Stock Exchange? If not how can I sell them? Thanks to anyone who can shed light on this
Sub charted for today