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Fjetcrazy, as you say that is good (and long overdue) news.
I may start to have a little more faith and even consider re-investing if the positive news keeps coming.
“Anyone remember the Stalwarts?” I even remember you by your original username! And even you joining me at the AGM 2015 when you spotted me chatting with Ed Winter after the meeting had concluded and introducing yourself!
So, good to see you posting again though probably still a rare visit?
Judging by my number of posts, I must be a fairly well-known Stalwart and occasionally bring up the name for the benefit of others. I have only met one other (at last year’s AGM and regularly keep in touch with him). You may have noticed the great improvement to this place since Bedbug and Beretta (Steve Gurr) were both banned?
Like you and many other long-termers, I have lost a considerable amount since I first invested over 4 years ago but, also like you, maintain a stoic faith in the feasibility of an African LCC and especially so since the arrival of Nico and his team, of whom I have high hopes of the company’s steady progress and success.
Two weekly DAR HRE LUN
Two weekly DAR LUN HRE
My guess is they have secured passenger rights between Zambia and Zimbabwe through a Solenta Aoc
I meant to say heavily booked despite increase to four Daily not weekly!
I was going to post to say a little parrot told me we finally have passenger rights to service Lusaka to Harare and visa versa ,but if you go to the winter schedule it's already confirmed with lead in fares do $30 !
The winter schedule is very encouraging with Mbeya back to double daily X 6 days a week together with others increases in frequencies,Zimbabwe to JOBURG continues to be heavily booked well in advance despite the increase to four flights a week.
I am Thrilled with last weeks top up!
Yes, loads of Stalwarts around actually, cautiously optimistic with the revised management. A long way to go, but pan-African opportunities still have the same allure, and I like the way the Solenta investment seems to be working. As for Nuri, he has been quieter, but still seems to be very angry.
Ok thanks PJM. Lets hope there is little to keep him interested in that case.
Hi G-BOAE there are several Stalwarts including me around, several comment regularly, some occasionally and some just observe without comment. Hopefully we shall hear more from them now that a plan is in action.
Hi Betterthanwork, I am afraid that Nuri is still lurking in the background with his doom and gloom predictions at the ready to use at a milliseconds notice should a negative item appear. He does not generally appear or comment when there is good or neutral news, but he is still watching and waiting to pounce.
Not been on here for a while, what happened to that utter tool Nuri?
Anybody remember the Stalwarts?
I was one and I took a major loss on this airline, but I am still invested and look forward to a slow ateady growth now that the Nico regime is in place. My original belief for a LCC in Africa remains and the opportunity for Fastjet is still there. Let us hope this time the plan is fulfilled.
PJM unfortunately not in respect only of airlines as the Gupta saga in South Africa illustrates, and many infrastructure projects seem to be just exercises in padding supply and procurement contracts. With your knowledge I am sure you can point to examples. Perhaps there is a silver lining in FJET competing against compromised operations, as they must win in terms of efficiency and competitiveness
Thanks Rufiji for your local insight into the Wider issues that were not so prevalent in the West during the times that Governments interfered with Airlines.
Sorry ...... air traffic agreement. Hope you are well
Hello Marksman, see my previous post. We can look back at the hopelessness of Ed and.co, but the Zambian Government never really gave them a chance and always had a phoenix national airline as a priority. I fear FJET will not make much headway with the current government unless tjey can leverage on the SAA Zambia reciprocal airtraffic agreeme
Yes totally agree but I think that the business case is not necessarily the profitability of the airline ,but all the procurement contracts and staff placements to insiders and party members that can be put in place, pace SAA and Air Zim and even KQ before it was sorted out over the past two years.By the bye Mahogany Air is back in the skies supported by Qatari money so gossip in Lusaka would have it
When will African Airlines not look to the West and Learn why Western Countries do not get involved in running Airlines for very many years now. Western Countries found it was a bottomless money pit that always loses money until professionals get involved with a free hand.
Guess what happens then, instead of pouring billions into Airlines the Governments then start collecting Corporation taxes From them.
It is not rocket science, if you keep doing the same thing, you should not expect different results.
I am not sure if African Leaders see it as National Pride or if instead they might want to commandeer an Aircraft for State or Personal use using the Government Support as Leverage.
Look to the West and let Private Enterprise create transport for everyone, and let Private Airlines drive down costs and prices with a level playing field.
You’re better placed to put me right, Rufiji, but they only have to make a hash of it in just one area alone (as an airline did once but I can’t remember which?) and maybe fastjet will be in a position to step in. Though it would be nice to see us in a greater position of strength by such a time. How great it would be to be back operating in Zambia again.
OK, so pigs might fly!!...
The Times of Zambia is reporting that the government is getting Zambia Airlines back in the air through the purchase of 5 Sukhoi 100 planes for $ 180 million one of which will be a VIP. version for the Head of State. They are targeting regional destinations. Perhaps a reason for, the litany of obstruction shown to FJET.
Tanzania is fast becoming a difficult place to do business. The ACM issue is souring the landscape and the insistence of the government taking 50% of mining and energy projects is off-putting, all the more so as I expect this popularism to extend to other sectors as no doubt will the increasing difficulty in getting work permits. It needs hardly to be stated that
ACM explored every angle to reduce taxes but if it exported the amount of ore claimed it would be amongst the biggest gold mining companies in the world and not the comparatively small operation it is. The original tax submission was approved.by PWC and the Tanzania tax authorities.
Against this backdrop I expect more pivoting away from TZ towards Southern Africa for FJET.
SA flight after plane accident at JKIA.....
KLM now demands pay freeze at KQ.....
TO LAUNCH NAIROBI FLIGHTS FROM MARCH NEXT YEAR.....
What was that, then?
Unbelievable that the Zimbabwe can get credit based on past failure