18 Mar 2016 15:59
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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."
More News
18 Mar 2016 15:44
Fastjet director resigns amid row with easyGroup
(ShareCast News) - Fastjet's public spat with easyGroup led to the resignation of a board member late on Friday afternoon. After 1500 GMT, the Africa-based low cost airline announced Tim Ingram, easyGroup's representative on the board, had resigned with immediate effect. "The board has regrettably
Read more18 Mar 2016 08:39
Fastjet shares crash as it hits back at EasyGroup
(ShareCast News) - Tanzania-based budget airline Fastjet on Friday criticised easyGroup for going public with a letter relating to the two companies' contractual relationships and said it was seeking legal advice. Fastjet said that while it welcomes constructive engagement with all shareholders, it
Read more8 Mar 2016 10:49
Liberum downgrades Fastjet on short-term challenges
(ShareCast News) - Liberum downgraded African budget airline Fastjet to 'hold' from 'buy' and slashed the price target to 45p from 90p following a "disappointing" trading update, which has led the brokerage to cut its 2016 and 2017 forecasts. Liberum now expects a $20m loss in 2016, compared with a
Read more7 Mar 2016 08:43
Fastjet shares plunge after stark profit warning
(ShareCast News) - Fastjet's share price plunged early on Monday, after the Africa-focused airline issued a stark warning over its long-term viability as challenging market conditions in the continent continued. The AIM-traded low-cost carrier, affiliated with the easyGroup through a major sharehold
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