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Fastjet inches closer to flying in Kenya

Mon, 12th Oct 2015 08:01

(ShareCast News) - Fastjet's Kenya subsidiary has been granted an air service licence by the Kenya Civil Aviation Authority.The decision, announced on Monday, clears the way for the low-cost airline to take the next steps to operate domestic flights in Kenya.The AIM-listed company will now begin the application process for an air operator certificate, which will involve an in depth review of fastjet Kenya's planned safety management system, operational manuals and structures, its senior staff, fleet, maintenance facilities and technical capability.Fastjet chief executive Ed Winter said the air service licence is a major step forward in fastjet's plans to become "a truly pan-African low-cost airline"."Following recently announced progress towards the Zambia air operator certificate and the receipt of our air operator certificate in Zimbabwe last week, today's announcement signals a very substantial acceleration in the development of the fastjet network and our future growth plans."
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5 Apr 2019 10:42

Fastjet Promotes Deputy Finance Chief As Chief Financial Officer

LONDON (Alliance News) - fastjet PLC said on Friday it has promoted Deputy Chief Financial Officer Kris Jaganah to the role of chief financial officer.fastjet is a UK and South Africa-based

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5 Apr 2019 08:47

Fastjet promotes seconded deputy to finance chief

(Sharecast News) - Low-cost carrier Fastjet appointed Kris Jaganah to its board on Friday, tasking the former Stripes Aero director with the responsibilities of chief financial officer.

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25 Mar 2019 15:06

Fastjet Extends Loan Agreements With Annunaki And SSCG To June-End

LONDON (Alliance News) - Fastjet PLC on Monday said it further extended the terms of two loan agreements with Annunaki Investments Private Ltd and SSCG Africa Holdings to June 30.The loans,

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1 Mar 2019 12:51

Terms Of Fastjet Loan Altered And Deadline Extended To March End (ALLISS)

LONDON (Alliance News) - Low-cost airline Fastjet PLC on Friday said two of the terms of its unsecured loans have now been changed, and the loans have also been extended to the end of in Fastjet a

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28 Dec 2018 15:50

Fastjet CFO Michael Muller resigns

(Sharecast News) - Fastjet chief financial officer Michael Muller will step down from his post in March, after the company announced his resignation on Friday.

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7 Dec 2018 14:52

Fastjet Raises GBP550,000, Can Only Operate Until Mid-December (ALLISS)

LONDON (Alliance News) - Budget African airline Fastjet PLC said Friday it has raised GBP551,719 its open offer to shareholders and passed two of the three resolutions on offer at its annual one,

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31 Oct 2018 10:50

WINNERS & LOSERS SUMMARY: Computacenter Sinks As Revenue Disappoints

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Standard up

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31 Oct 2018 09:46

Fastjet Shares Drop By Third As It Continues To Seek Cash To Operate

LONDON (Alliance News) - Fastjet shares crashed on Wednesday as the company reiterated the need for additional funding to continue to operate.Shares in the low-cost African airline were 34%

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26 Sep 2018 12:55

Fastjet Interim Loss Widens, Seeking Capital By October To Keep Going

LONDON (Alliance News) - Shares in Fastjet PLC dropped significantly Wednesday as the company reported a widened interim loss on Wednesday, resulting in the African value airline requiring capital

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19 Sep 2018 13:31

Fastjet Non-Executive Director Peter Hyde Steps Down

LONDON (Alliance News) - Fastjet PLC said Wednesday that Non-Executive Director Peter Hyde stepped down from the company's board to focus on other commitments.Hyde joined the budget in

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27 Jul 2018 11:16

UPDATE: Fastjet Raises GBP225,000 From Open Offer As Makes Progress (ALLISS)

LONDON (Alliance News) - Fastjet PLC said Friday it has raised GBP225,960 through a discounted open offer after the budget African airline looked to attract GBP1.6 million from shareholders as it

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27 Jul 2018 10:57

Fastjet CEO sees foundation for 'prudent growth'

(Sharecast News) - Low-cost African airline Fastjet, which last month raised $10m in an emergency placing after warning it could go bust, on Friday said it had started daily flights on Zimbabwe's sought-after Harare-Bulawayo route.

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27 Jul 2018 09:57

Fastjet Raises Just GBP225,000 From GBP1.6 Milllion Open Offer (ALLISS)

LONDON (Alliance News) - Fastjet PLC said Friday it has raised GBP225,960 through a discounted open offer after the budget African airline looked to attract GBP1.6 million from late June, Fastejet

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29 Jun 2018 12:49

LONDON MARKET MIDDAY: Stocks Higher As EU Strikes Migration Deal

LONDON (Alliance News) - Stocks in London were higher at midday on Friday as European Union leaders carved out a deal on immigration and investors shrug off trade tensions - albeit temporarily.The up

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5 Jan 2017 09:04

FastJet to raise $48m to stabilise the airline with Solenta injecting $19m

(ShareCast News) - In a bid to stabilise Fastjet and reach cash flow break even, chief executive Nico Bezuidenhout aims to increase equity by at least $48m with Solenta, an African commercial aviation firm, injecting $19m into the Africa-focused budget airline and through a share placing. Solenta wi

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