18 Mar 2016 15:59
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Mon, 28th Sep 2015 07:35
(ShareCast News) - African low-cost airline fastjet said it has received its first fully-owned aircraft.The AIM-listed company bought the Airbus A319 at a discount to the $15.5m (£10.2m) market value and took delivery last Wednesday.Fastjet chief executive Ed Winter said it was "the first (aircraft) that we have purchased but also...marks a doubling in the size of our fleet over the past few months".The aircraft has been earmarked to be the first in the fastjet Zambia fleet and will be flown to Lusaka, Zambia in early November after reconfiguration and painting.In April, fastjet stated its itention to create a mixed fleet of leased and purchased aircraft.
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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