Hand sanitizer and surface cleaner company Byotrol had a strong 2020 and are confident about 2021 Watch Now
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
With Zimbabwe in meltdown for now, stiff competition in Mozambique and nothing yet happening in SA, I’d say things don’t look too good. A friend who works for Precision is worried and moving to ATCL, though he says they’re short and possibly looking at recruiting from the Tanzanian military!
I did take a flight Dar to Kigoma a few days ago and it was pretty good and just over $200 return, but it’s quite a long way in a Q400
You know what they say no news is good news...... what concerned me was the amount of sellers and only two buyers.
No doubt when the company needs more funds from us we will here from them.
Anybody got any news on Fjet , be it good or bad? It's very quiet on here.
Just had a message from Joburg 702 radio all Zim flights cancelled because of unrest.
It was just a tightening of the spread. Re 10% rise
Air Tanzania to operate Dar es Salaam – Harare – Lusaka – Dar es Salaam service from 22FEB19 with A220-300, 3 times a week. Harare and Lusaka both previously served by the airline until mid-2000s
Fjetcrazy, Much to my loss (big loss) I've been in Fjet since the very beginning, however, of late there is virtually no information re developments out of the company. Today the shares increased by 10% but no RNS any ideas why?
Absolutely , very much hand in mouth, Mozambique taking a mahoosive bashing with the entry of Mozambique Ethiopian start up and Zimbabwe whilst doing well has its cash stuck in Zimbabwe, as for news on SA startup let’s wait and see what the cost of the get out clause for the ATR72 final costs are, add this to who will pay the monies owed in TZ which caused an E190 being impounded, add to this the cost of the E190 lease satisfaction and i doubt if there will be any change left for an SA start up anytime soon
fjetcrazy, I misread the tweet as I thought they were going to a reduced seasonal schedule rather than only be run during specific seasonal events.
I was also hoping for more of a growth story for rump fastjet (Zim & Moz) or news on FedAir in ZA, as that might improve the investment case, at the moment still seems to be very much a hand to mouth existence and so I shall continue to stay away....
These flights are now cancelled and will re run over seasonal periods only next available are a short series over Easter
What is happening with Fjet? Does anyone have any news as to how they are doing?
Very quiet on here. Is it a new year's resolution to to one's depression to one's self?
To all the investors past and present who have been shafted by the Tanzanian Government. The Joke of open skies and calculated and deliberate plan to de-stabilise and collapse the competition by any means is a disgrace.
The losers apart from us is surely the Tanzanian People who can look forward to higher prices and reverting to the poor level of service, now that the competition has been knocked out of the ballpark.
We can only hope that Mozambique and Zimbabwe are the springboard for Countries that want us and want their population to benefit from our presence.
I hope that the Tanzanian Government get voted out as I am sure that they will have destroyed any possibility of any Countries risking investing in such a corrupt and without morals Government.
Merry Christmas to all my fellow investors – especially those from way back to the Winter days! – and dare I add, a Happy New Year with all we wish for ourselves?
How have the leases been satisfied on the two E190 when one is held by TZ authorities until payments made to suppliers and the other unknown since it went to Nairobery
17.12.2018 - 19:58 UTC
Fastjet (FN, Dar-es-Salaam) has suspended all flight operations until the end of January after the Tanzanian Civil Aviation Authority (TCAA) ordered it to cease ticket sales and submit a suitable turnaround plan within 28 days.
In a statement, the TCAA said the low-fare airline did not possess any aircraft of its own and therefore did not comply with the terms of its Air Operator's Certificate (AOC). Fastjet Airlines Tanzania relinquished its two E190s to lessor GECAS last week as part of fastjet plc's exit from the low-fare airline. Since December 7, it has been wet-leasing a B737-500 from Africa Charter Airline (FSK, Johannesburg O.R. Tambo) to run domestic Tanzanian flights exclusively.
"The Directors of fastjet Tanzania are in discussions with the authorities regarding the continued operations of the airline," fastjet plc said in a statement while highlighting that fastjet Airlines Tanzania is a separate entity, independently owned and operated, from fastjet plc Group.
As previously reported, Tanzania's former Home Affairs minister, Lawrence Masha, raised his stake in Fastjet Tanzania from the previous 4% to 68% after he bought 47% of the company's shares owned by locals and 17% owned by fastjet plc. The remaining 32% is held by South African Hein Kaiser.
According to The Citizen, the TCAA has also called on service providers to submit claims to Fastjet Tanzania. The regulator said it itself was owed TZS1.4 billion Tanzanian shillings (USD606,000) for the provision of services, including security.
Apparently financially-embattled Fastjet-Tanzania is nonetheless expected to acquire new Boeing 737-500 planes as part of its revival plans, the company’s executive chairman, Lawrence Masha, has revealed.
This somewhat surprising announcement was made just a few days after the Tanzania Civil Aviation Authority (TCAA) grounded the company’s only plane on account of debts owed by the airliner to its creditors. Consequently, the company was forced to suspend its scheduled internal flights
Speaking on a Clouds TV 360 programme on Wednesday (December 19,2018), Mr Masha said the plane is expected to arrive “in the next three days.
“After taking delivery of the first plane on Saturday, we expect another two Boeing 737-500 planes to increase our fleet – thereby resolving the flights cancellation challenges which the airline has been facing lately.
“All the planes we acquire will be registered in Tanzania – and, as the air travel demand grows, we expect to acquire one or two more Bombardier planes,” he said.
Fastject-Tanzania had 45 per cent of the air travel market share in Tanzania before it was hit by a financial crisis in recent times. It is already struggling to revive its services and regain the public confidence it had temporarily lost after some seven years of operations in Tanzania and beyond.
“We are in dialogue with the authorities, including especially TCAA, to allow us to start selling air traveltickets once again, as we have fulfilled some of the regulatory requirements and are continuing with the dialogue,” he said.
Arrival of the Boeing 737-500 plane will enable Fastjet to restart operations on its regional routes, including Dar es Salaam-Johannesburg, and Dar es Salaam-Nairobi. It will also enable the airline to revivfe its domestic schedules to and fromSongea, Dodoma, Bukoba and Arushausing the new Bombardier plane.
Despite cessation of the company’s services, all its employees were nonetheless paid their December salaries in advance and efforts are continuing to pay products and services providers as due – as well as paying debts to the regulator.
Mr Masha said he expects to meet with strategic investors from South Africa, China, Malaysia and India who have shown interest to invest in Fastject-Tanzan
Fastjet-Tanzania is taking in a fresh breath of air on the road to recovery. It has announced plans to acquire four new planes, includingthree Boeing 737-500 and a Bombardier.
The first Boeing 737-500 is slated to be delivered in Dar es Salaam this Saturday