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Fastjet revealed that its Chairman David Lenigas had purchased a million shares in the African budget airline on Thursday, the same day the company reported its best month of trading to date. Lenigas, who is also the Chairman at Leni Gas & Oil and Solo Oil, bought the holding at a price of 0.986p,
Read moreAfrica's low-cost airline fastjet has signed an agreement with South African investment company Blockbuster to operate services in the country. The venture is aiming to begin flights by the end of May with the first route from Johannesburg to Cape Town. Blockbuster has struck a commercial deal wi
Read morefastjet and Five Forty Aviation Chief Executive Officer (CEO) Don Smith have put an end to a legal dispute over payment and licensing agreements in Africa. The two have entered into a memorandum of understanding (MoU) to reach "mutually beneficial and constructive resolutions", fastjet said in a st
Read moreAfrica's low-cost airline fastjet on Tuesday reported a 68 per cent load factor last month on its Tanzanian operation, well below the 81 per cent rate registered in February. However March's 68% load factor, which is the number of passengers as a percentage of the number of available seats, came de
Read moreAfrica low-cost airline fastjet said an online customer survey revealed 100 per cent of participants were 'satisfied' with their flights. The survey, which was completed by more than 1,000 fastjet passengers, also found nine out of every 10 respondents considered the airline to be 'good value' and
Read morefastjet shares surged Monday as the low-cost airline announced it carried its 100,000th passenger and launched a new credit and debit card payment service. The milestone comes almost four months since the African airline started flights from Dar es Salaam. The budget carrier partnered with credit
Read moreBudget carrier fastjet is another step closer towards its acquisition of troubled South African airline 1 Time. fastjet said it has filed a letter of intent with the liquidators of 1 Time in Johannesburg, South Africa, to enable them to negotiate a compromise settlement with the creditors. Chief
Read moreAfrica's first low-cost carrier, fastJet, has secured funding that will enable it to further working capital and plan for its expansion in Africa. The £15.68m zero coupon convertible securities will be provided by Bergen Global Opportunity Fund, and will mitigate the effect of potential dilution to
Read morefastJet's passenger numbers soared 63.8 per cent last month despite a lack of activity following Christmas. Africa's first low-cost airline carried 84,645 people in January across all operations including fastJet Tanzania, Fly540 Kenya, Fly 540 Ghana and Fly540 Angola. That compares to 51,676 pass
Read moreAfrica's first low-cost carrier, fastJet, made a firm statement on Wednesday, in which it said it 'categorically refutes' claims made by Don Smith, the Chief Executive Officer of its Kenyan subsidiary, Fly540 Kenya, regarding an alleged unpaid consideration for the purchase of its interest in Fly540
Read moreAfrica's first low-cost carrier fastJet has signed a Memorandum of Understanding with Kenyan airline Jetlink. Under the terms of the memorandum, fastJet and Jetlink will be working together to create a joint venture providing a platform for the launch of the fastJet brand in Kenya. Jetlink is a Ke
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