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. 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.
Anybody got any news on Fjet , be it good or bad? It's very quiet on here.
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.
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
Dar es Salaam. Yesterday, the Tanzania Civil Aviation Authority (TCAA) said that the validity of the licence of Fastjet Tanzania expired on January 3, 2019.
This was after the troubled airline failed to meet the air transport regulator’s criteria, including payment of licence fees and the relatively huge debt it owes TCAA.
But Fastjet’s executive chairman and majority shareholder Lawrence Masha told The Citizen a few days ago that discussions with TCAA on the related issues were still ongoing.
“Everything will be made public in due course. Kindly give us room so that we can finalise our talks with the regulator,” Mr Masha said in an exclusive telephone interview.
For his part, TCAA director general Hamza Johari told The Citizen yesterday that Fastjet – which owes TCAA, other service providers and assorted creditors a total of Sh7 billion – was required to obtain a new licence before January 3 this year, but failed to do so.
“They (Fastjet Tanzania) were supposed to protect their business licence by paying debts to TCAA, and also pay operating licence charges,” Mr Johari explained.
Fastjet requires an aviation licence which enables it to operate two types of services, namely: charter services, and scheduled flights.
The fee for each of the two services is $1,200, and the airline needed to pay a total of $2,400 (about Sh5.4 million) for a new licence before January 3, 2019.
On December 17 last year, TCAA issued a 28-day notice of intention to revoke the cash-strapped Fastjet’s operating licence over what the Authority described as ‘poor management’ that resulted in frequent flight cancellations.
In the event, the regulator required Fastjet to – among other things – pay all the debts it owed to its service providers, including unpaid licence charges to TCAA, and also officially appoint an ‘accountable manager’ who must be an expert in aviation matters.
The raft of conditions also included requiring the airline to prepare a business plan which would, among other issues, outline the airline’s future management structure.
This was deemed important after a change in Fastjet’s shareholders as announced late last year.
“Fastjet did not meet even one of the conditions that we outlined for it to qualify to operate in the country (Tanzania),” Mr Johari told The Citizen in the interview – adding that this was one of the reasons which led to the ceasing of its operating licence.
“They will have to apply for a new licence if and when they are able and ready to do so. We are willing to give them all the support needed.”
In the meantime, TCAA would hold Fastjet’s aircraft until the company pays all the debts it owes the regulator and other service providers. Earlier on, the regulator had revealed that Fastjet had only two aircraft (E190 Embraer), one of which was grounded for maintenance, while the other was recalled by the lessor.
According to Mr Johari, Fastjet did put together a business plan which it submitted to T
Does anyone expect the sp to rise at any time soon? Any thoughts anybody?
Masaimara
Noooooooo!
Haha,..... be optimistic that the company survives! Give it 3-4 years and I reckon this will be a good earner. It’s buying time now and keep fingers crossed.
Why do you say noooooooo Fjetcrazy? What is your reasoning being this? Do you think Fjet is definately a gonner or do you see some light at the end of the runway? Just interested in your thoughts thats all.
If you read my posts you will easily understand why I say No!
We have yet to stabilise what’s left of Fjet.
Thanks for keeping this moribund board going, Fjetcrazy, with your regular posts and news updates. Much appreciated, as ever, by
Marksman