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Is it worth loading up on shares? Interesting drop, it's not like they have the winter seasonality like European airliners.
Level 2 looks like this is the bottom, so I've taken a position. If the deal goes ahead this should correct sharply upwards. My interest here is that I am originally from Zim, and regularly use the Jo'burg - Bulawayo flight. There is only one flight at present with SAA, which is always full. There are over a million Zimbos residing in SA and who travel between the two regularly. Internal flights in Zim are now much reduced, as Air Zim only has one very old functioning plane. Flights are usually full, but people are desperate for an alternative. Air Zim is known locally as Scare Zim! There is a market there for the taking if they can pull this off.
Same was said re Mozambique until Ethiopian came along, the same could happen in Zimbabwe, what you fail to mention is the plans re revival of Air Zim and concentrating on fact Zim has only one aircraft,
Air Zim will never be revived - it is a scam and no investor will touch it. There was an attempt to relaunch as Zimbabwe Airways - guess what - all the money has vanished. Corrupt from top to bottom, like its Zanu-PF paymasters. SAA is at risk of going under too - nobody is booking because of the ongoing strike. This is a risk, but it could just work. The new CEO understands Zim and how to get things done.
He can understand Zim as much as he likes it won’t change the fact that the revenue there is locked away, Fjet share price down 90% on the not so very good RNS, good luck on your position, when Air Zimbabwe is relaunched Fjet will be screwed , just like it was in Tanzania and Mozambique
Do they know what they are doing....all seems very random.
Apols if already posted.
Zimbabwe: Fastjet to Offload Zimbabwe Unit.....
https://allafrica.com/stories/201911280682.html
Zimbabwe: Fastjet Eyes Hre-Beira, Maputo Routes....
https://allafrica.com/stories/201911280194.html