Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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https://www.exchange.co.tz/fastjet-eyes-partnership-with-air-tanzania/
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The budget airline Fastjet Tanzania could form a mouthwatering partnership with Tanzania’s national air carrier Air Tanzania Company Limited (ATCL), according to Fastjet Tanzania’s first executive chairman Lawrence Masha.
The former Minister of Home Affairs announced the company’s plans while updating the press on the developing news of Fastjet Tanzania being own by Tanzanian investors. In addition to the partnership which would scale up operations in the aviation industry, M. Masha hopes to steer the carrier to improve the tourism performance of the country by offering quality services for its travelers.
Fastjet Tanzania has experienced wobbling performance in the Tanzanian territory that has compelled the board to reconsider its operations in the country. The air company has fallen short of funds to support its day-to-day operations, with potential finance investors pulling out of the business.
The new changes, especially at the helm, should open a new chapter for the airline that has a fleet size of four crafts. The forecast partnership with Air Tanzania, which has a fleet of five is a signature of good tidings in the aviation sector in the country. Air Tanzania is gearing up efforts to make an international appearance having established itself in the East African region.
There could be more good news for Fastjet Tanzania that also looks to collaborate with international airlines as it set to expand its operations in the future beyond Tanzania. Its local destinations include Dar es Salaam, Kilimanjaro, Mbeya, and Mwanza. Since its inception in Tanzania in 2012, the air carrier has served more than 2.5 million passengers.
According to Tanzania invest, the total number of air passengers in Tanzania increased by 62 percent in the past five years, from 2.1 million in 2010 to 3.5 million in 2015. The robust growth shows the importance of air transport as a business connecting network. The government of Tanzania has hence boosted its efforts in ensuring the sector grows.
Headline should read ATCL set to STEAL fjet
Not invested here but shocked at how things are panning out, having used Fjet flights many times and spent lots of time in TZ and speaking to locals whilst there it seems things are not rosey at the moment. This kind of thing should be a stark warning to companies looking to do business in TZ, the mining sector also has issues.
Tyche EDENVILLE ENERGY now being targeted by same Magufuli tactics
Back to fjet, they kept it virtually grounded for months bled it dry in Tanzania and about to buy it for a poxy Tanzanian shilling, And our CEO is letting this happen, Wonder what J Kibati is getting out of this having returned
Hi FJETCRAZY
Looks like our expectations re Solenta are coming to pass.
I know Law Masha; he is a savvy lawyer who is porbalby looking to re-start his political carrer having surprisingly lost his Mwanza seat in the last election.
I think he was on the original Ed Winter crafted board back in the days of great optimism and is/was Chairman of Associated Portland Cement plus other buisness interests so no placeman.
THe mandate I would suggest is to merge FJET TZ in to Air Tanzania
Looking back over this saga I still pin point Winter's unfathomable decision to involve FJET in FLY540 without, it would appear, any substantial due diligence, and his weakness forr Anglo expats over line professionals
I am closing the book now.
I think Edenville Energy are the cause of their own problems as they have been unable to meet contract obligations on coal; but Magafuli is certainly frightening a lot of people
HI =Rufiji
I agree, Solenta played a blinder, just flown Fastjet Jnb Vfa, flight full both ways, the erj equipment very tired, also I note ATCL about to announce Services to Lusaka joburg and Harare, is now a good time for new investors to buy in? Probably, but not for me , also closed the book on this one, but would love to see it succeed, let’s hope Nico does not spend it all at once in SA !
https://twitter.com/eastafricaaero/status/1065221038504624128?s=21