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Fastjet to start flights between Kenya, Tanzania

Wed, 23rd Dec 2015 08:25

(ShareCast News) - Low cost African airline fastjet said its Tanzanian operation had been given clearance by the Kenyan government to operate flights between Kenya and Tanzania.Fastjet said two new routes, Dar es Salaam to Nairobi, and Kilimanjaro to Nairobi were on sale from Wednesday.From 11 January 2016, fastjet Tanzania will operate a daily flight between Dar es Salaam and Nairobi and between Kilimanjaro and Nairobi. Flights between Zanzibar and Nairobi and Dar es Salaam and Mombasa are also expected to be added to the network later in 2016.One way fares will start from $50 - $80 on the two new routes.Fastjet chief executive Ed Winter said passenger traffic between the major cities of Dar es Salaam and Nairobi, which have a combined population of over 8m people, had been limited by high air fares."The only alternative to flying is to undertake a long and difficult journey by road, which can take up to 12 hours," he said."Nairobi and Dar es Salaam are not only key travel destinations, and two of the busiest* airports in the region, but also hubs with extensive regional and international networks. Expanding the network into Kenya marks an important milestone in fastjet's strategic development and is a significant achievement for the Company, its staff and shareholders."
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18 Mar 2016 15:59

UPDATE: FastJet Takes Legal Advice Over Letter Published By EasyGroup

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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

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18 Mar 2016 12:09

LONDON MARKET MIDDAY: Berkeley Falls As Oil Price Rise Drives Gains

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18 Mar 2016 10:43

WINNERS & LOSERS SUMMARY: fastjet Dives On Public Spat With easyGroup

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18 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

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18 Mar 2016 08:10

FastJet Takes Legal Advice On Publication Of Letter By EasyGroup

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14 Mar 2016 16:34

Fastjet CEO To Resign; Chairman To Act In Executive Capacity

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8 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

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8 Mar 2016 09:38

BROKER RATINGS SUMMARY: Nomura Upgrades Admiral To Buy From Neutral

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7 Mar 2016 10:40

WINNERS & LOSERS SUMMARY: Break Up Speculation Lifts Old Mutual

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7 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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7 Mar 2016 08:41

LONDON MARKET OPEN: Old Mutual Shares Up As It Explores "All Options"

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7 Mar 2016 07:49

Fastjet Issues Profit Warning And May Need To Raise Funds (ALLISS)

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29 Feb 2016 17:01

Fastjet Shareholder EasyGroup Proposes Removal Of CEO Ed Winter

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19 Jan 2016 07:49

Fastjet Appoints Former Ophir Energy Executive Lisa Mitchell As CFO

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