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We are almost officially bust, even as we buy new planes and witter on about expansion. Ah well, it is us the shareholders paying the price once more.
We know what’s going on here, Solenta going to get Fjet for one Rand and then it will thrive and we will have been well shafted.
Company's annual results for the year ended 31 December 2017. If the fundraise is not successful it will result in the annual results not being published and the Company being suspended from trading on AIM.
As they say , it’s not over until the fat lady sings but i think this is the end.
PJM, good to see the FJET execution of plans hasn't improved any, though this time at least they've had the decency to NOT add Bulawayo to the drop down lists within the booking engine (unlike Kigoma which is still there, and on the Route Map too).
I am being (partially) ironic by the way.... :-s
Government and Official Agencies put the Lives, prosperity and Economic Welfare of their fellow Countryman first, before vanity, private deals and protectionism. They seem to not want the ordinary people to travel with and like the wealthy ones by keeping Airport and Flying taxes so high compared to the rest of the World, and putting a spanner in the works of Companies Like Fastjet who wish to bring cheap travel to the Masses.
We only have to look at how the market from Harare to Lusaka and back was stymied along with increased flights not allowed. Then we again had to suspend ? flights to Kigoma,, Now it has all gone quiet about Bulawayo, We have invested in the Aircraft to expand and improve lives.
When will we be allowed to do so ?
one-size-fits-all, European-style, pan-African Low Cost Carrier (LCC) model does not work in Africa because of continued protectionism and regulatory constraints imposed by separate African states, says fastjet CEO, Nico Bezuidenhout.
He was speaking at the recent AviaDev Aviation Development Conference held in Cape Town.
“When you are dealing with 54 independent states and 54 different Air Operator Certificates (AOCs), the ambition to be a pan-African carrier is quite grandiose if you have a single cookie cutter-type of approach,” he said. Instead, fastjet was now acting as a regional feeder carrier, he said, “with the cost advantage of focusing on aircraft utilisation and people productivity”.
Bezuidenhout said that market access had been “one of [his] biggest challenges, frustrations and disappointments at fastjet”. “There needs to be more conviction, well beyond the Single African Air Transport Market (SAATM). There needs to be action towards a greater level of standardisation at civil aviation authority level,” he said.
His views were echoed during a panel discussion about the future of LCCs in Africa. Sylvain Bosc, fastjet Chief Commercial Officer, said the SAATM made no real impact on LCCs as it applied to intra-continental travel, while LCCs mainly served domestic markets. For intra-continental LCCs to have a future, more African countries needed to provide a level playing field with their state carriers, and stable economic environments conducive to private sector investment.
Girma Wake, former CEO of Ethiopian Airlines and former chairman of RwandAir, said LCCs in Africa operated in a high-cost environment, their costs being the same as those of legacy carriers, including a high fuel price and crippling airport taxes, which prevented proper LCC operations.
Gwenvael Ronsin-Hardy, Senior Project Manager of EGIS Airport Operation, advised African governments to incentivise LCCs. Africa World Airline Commercial Head, Richard Kyereh, suggested African governments and airports cut their aviation charges, while Ahmed Aly, CEO of Nile Air, pointed out that visa restrictions presented a major hurdle to LCC development in Africa.
For the next six months, fastjet will focus on cementing its position in Tanzania, Zimbabwe and Mozambique, migrating to a new distribution platform and introducing three more turbo-prop aircraft and new routes in Tanzania. Next, it will set its sights on West Africa. Each case would be on a country-by-country basis, depending on the market opportunity and the potential for collaboration with the national carrier. “It is a matter of ongoing dialogue and relationship building with each country and each government we engage with,” said Bezuidenhout.
Unless I see it listed for sale 1st thing tomorrow, I will suspect that it may not happen on July 1st. 9 days sale only before first flight is a very short lead time to let everyone know. Also I would have expected it to be available for sale from this morning and have had twitter and Facebook messages to alert travellers. Because of the lack of the above, I am not sure that All the T's have been crossed and the I's dotted. I certainly hope we do not do another Kigoma ?
Good find fjc...More like the 'News' we were promised
2nd July launch date
Besides the new flights, fastjet also released its on-time performance stats for May, getting a 90% score for on-time departures overall, and 86% for Zimbabwe specifically.
According to Hein Kaiser, head of communications for the airline, this boost shows an 85% year-on-year growth for the route, which was already increased earlier this year. Last year fastjet doubled the number of flights between Harare and Johannesburg as well as reintroduced thrice-weekly frequencies between Victoria Falls and Johannesburg. fastjet Zimbabwe now operates 92 flights every week.
"fastjet is committed to the ongoing development of affordable air travel for everyone in Zimbabwe, and our investment into additional connectivity evidences this.
"Our red-eye flights between Harare and Dar es Salaam continue to enjoy popularity," adds Kaiser.
The additional flights between Harare and Victoria Falls equates to a 85% year-on-year growth on the route,” says fastjet’s Hein Kaiser. The airline also introduced additional flights on the route earlier this year.”Fastjet is committed to the ongoing development of affordable air travel for everyone in Zimbabwe, and our investment into additional connectivity evidences this.”
Last year, the airline doubled the number of flights between Harare and Johannesburg as well as reintroduced thrice-weekly frequencies between Victoria Falls and Johannesburg.
The airline also released its on-time performance results for May this year, again achieving a 90% network aggregate.
To go double daily six times a week
100$ millions HongKong money
FlyAfrica have had their AOC revoked , here comes Bulawayo for Fastjet
Pj if you are referring to the Fjet tweet ( something big is coming) it had nothing to do with the ATR, it was to do with a famous artist onboard.
To use 3x ATR Aircraft sitting at Toulouse doing nothing or the exciting news that was to be announced last week. Protectionist Spanner in the works methinks.
Yes..they're really on the ball.