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Did you read this article a few days ago Nenny ?
Fastjet Zimbabwe this afternoon announced the airline’s intent to operate a mission specific charter flight in support of the repatriation for both Zimbabwean and South African Nationals, for travel between Harare & Johannesburg and vice versa, was granted formal permission by the aviation authorities of both countries for the flights to be operated on Friday 29 May 2020.
This first repatriation flight arrangement is wholly intended for Nationals and Permanent Residents of both countries presently stranded who wish to return home. This arrangement is a demonstration of the excellent cooperation and relations between the Republic of Zimbabwe and the Republic of South Africa.
The airline acknowledges and expresses gratitude to the respective ministries and delegations staff of both countries for the collaboration and unwavering support demonstrated and provided to the airline.
Fastjet Zimbabwe Accountable Manager, Mr. Ed Berry said: ‘All repatriation flight arrangements are in full compliance with the lockdown regulations for Zimbabwe and South Africa and will be coordinated with the relevant authorities and our service partners with full adherence to the prescribed industry and regulator safety standards introduced for COVID19. Over the last few weeks, we have had many customers reach out to us asking for our assistance in helping them return home, and we are pleased that this is now becoming a reality‘.
The flights scheduled to operate tomorrow, Friday, 29th of May are already fully subscribed to, however Fastjet Zimbabwe is continuing discussions with the relevant regulators and authorities for additional repatriation flight arrangements between Zimbabwe & South Africa and vice versa for the week commencing 07th of June 2020. Pending the required approvals, customers may register their interest for these flights by submitting an email to customer.zimbabwe @ fastjet.com.
In the meantime, the airline’s scheduled network operation remains highly dependent on the lockdown travel restrictions and opening of borders in this context. The fastjet team remains mobilised to welcome all customers on board its aircraft as soon as possible and in complete safety and reiterates its commitment to assist as many stranded Zimbabwean and South African travellers.
As hopeful and optimistic I am about a multi bag return from these levels (presuming flights return and costs are reduced due to stock piling fuel) I'm somewhat cautious about FJET reaching 7p in 12 months.
I am more than happy to be proven wrong as i'd financially benefit immensely!
Thanks Biglnt... You seem to have got a decent average here?
You reckon this could hit 7p within the next year or two?
You sound very confident about this one but like you said you have got your reasons and info about it.
I definitely will sit it out for a while but don't have the cash to go in as big as you and I'm not sure if I would go in that big as this is AIM and comes with a lot of risk as you are fully aware...
I believe I saw something in one of the RNSs that they will need to raise some funds in June? Any thoughts on that please? Thanks Nenny
Nenny, if your looking long term 12 to 24 months... 2 markers are 7p and 14.8p.
Keep your eyes peeled.
Could possibly hit them sooner.
Now the steady rise to .9... then will push to 1.2 nicely, then above the 2.4 level.
Tui still is alongside Galliford Try and still a good bet under the £5 mark... closer to 4 if you can :)
Fjet I have some info I cannot talk about, but sits me happily holding here for 6 to 12 months.
With my investment here I expect a substantial return, I did predict this a few weeks ago and it has risen by 40% since then.
"risk v reward on this is 10k risk for med term 120k reward, thats my exposure now".
You're definitely more brave, and well off, than I am.
I've been burned on some high risk stocks so only 'invest' What won't cause me to have another breakdown...
Well, I'm still investing in AIM, so my 'get rich schemes' haven't come about just yet....
Fastjet is a high risk investment but, it's drop in Sp is massively overdone.
I fail to see how the Sp won't recover (even to touching 1penny when they begin flying again and with the talk of additional routes.
Ethiopia airline is a major threat but if we can monopolize short haul internal flights then who knows.
I triggered over the buy button when TUI were £2.60 but I held off. Look how that turned out....
And, they offer a healthy dividend, which I generally chase now due to the banks offering almost 0% interest.
Good morning Biglnt,
Thanks and hope you are well?
Yes I will sit tight here for a while to see how things go once the flights are up and running...
I am out of TUI now but will look to buy back in if I see the prices you mentioned below or even lower price.
The quarantine measures that is coming into force next week could pull the price down in the short term - TUI that is.
Thanks for the tip and I will have a look and do a little research into it.
Take care, good luck and stay safe.
Good to see a nice rise here. I am sitting on this at 0.12 - feels like we have a great chance for a multi.
Good to hear youre well.
Nice steady rises is good, not a fan of the huge spikes.
Stay put here and you should do really well.
Tui also now looks strong above 430 mark, if it touches close to 440 again im back in fully.
Another if your interested is Galliford Try, no debt, huge upsides, have a look.
have a great day
And about to take off it seems.... The Share price that is. Got a few yesterday @ 0.11 and hoping to make a few quids. Good luck all
Small trades here but the volume is building, bit of decent news and it fly.
Biglnt, glad to hear you are doing well? Am not too bad thanks just plodding along and trying to make a few quid here and there....
I 've been looking at this one for a few days and was thinking about taking a punt and I understand what you mean that it's a punt but should rise hopefully when they are and running or should I say flying? Lol
Thanks for the info, much appreciated. Good luck
hey nenny, im well thanks , you ?
sit on this one for a few months, starting to move in the last few weeks, debt hugely reduced, more flight paths, restructure under new management, bit of a punt, but huge upsides on the return.
risk v reward on this is 10k risk for med term 120k reward, thats my exposure now.
bought in at 0.08
Thanks get_rich_quick..... You think there is any chance of getting rich from this one? (Smile)
Does this airline fly to? Is it just between Zimbabwe and South Africa? Thanks
Biglnt, hope you are well? Where do you see this SP in a few weeks time? Thanks
also expect this to return to somewhere near ed winters 31m buys @ 1.60 fairly quickly. 12 to 14 bagger
as soon as the ask 0.12 is paid and filled this will fly over 0.14 resistance level
debt reduced, new flights enlisted.
very hopeful of a mutli, multi bagger here.
large buying in the background
Can see this doubling up on the re-start day.
Fastjet resuming flights on the 30th June.
Flights did not resume today
Following the latest updates from the Zimbabwean government regarding the continued COVID-19 related travel restrictions, Fastjet Zimbabwe will extend the suspension of their schedule flight network until Tuesday, 30 June 2020.
Given the unprecedented nature of the external factors that the travel industry is facing, our management team continue to assess the situation on a daily basis and remain committed to resuming flight services earlier than the revised date should there be any easing of the current restrictions on the movement of people.
From their 7th April Rns;
"fastjet Zimbabwe expects that the significantly reduced global oil prices will help to cushion the financial impact of the forecast lower passenger demand when operations restart. The April 2020 fuel price is 35% lower than it was in January 2020, at which point fuel represented 23% of total operating costs."
I can only presume the Bod have the foresight to stock up on fuel, as it's clearly a huge cash burn.
If they do buy fuel and stock up during the low prices, and they resume their flights, for the short term they will be more profitable on costs.
And, I wholly expect flights not to be filled during the initial phase when flights return, which means less revenue on a full plane - but the reduced fuel costs may cushion that initial phased return (especially if the middle aisle seat won't be sold to assist with distancing).
Who knows, but if they can ride this horrendous time out, we won't be at the share price we are now.
All in my humble.....