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Politics and precipitation impede Fastjet loads

Tue, 08th Dec 2015 07:39

(ShareCast News) - Political turmoil and foul weather hampered passenger loads for Fastjet in November, it announced on Tuesday.The AIM-listed African easyGroup affiliate carried a total of 62,843 passengers during the month, with a load factor of 60% - down 3% on October.Fastjet blamed this on the prolonged Tanzanian presidential election process. The country remained without a cabinet or a budget, which the airline said resulted in muted demand from government and civil service.On-time performance in Tanzania was also hampered by severe weather, with 84% of flights running within 15 minutes of schedule, while 100% of flights ran within 15 minutes for the Zimbabwean operation in its first month in the air."Whilst we remain mindful of the temporary reduction in demand in Tanzania, we expect that this will improve in the New Year when the political environment stabilises", chief executive officer Ed Winter said."We are delighted that Fastjet Zimbabwe has been well received in its first month of operation. Passenger feedback has been positive and we look forward to expanding that network."In the announcement, Fastjet also confirmed a new route between Dar es Salaam, Johannesburg and Zanzibar would launch in January 2016.
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25 Mar 2014 10:39

Fastjet Raises GBP300,000 Through Equity facility Draw Down

LONDON (Alliance News) - African low-cost airline Fastjet PLC Tuesday said it had raised GBP300,000 by drawing down on its equity financing facility with Darwin Strategic Ltd, In a statement, the carrier said it had issued Darwin with 17.3 million shares at 1.734 pence a share. The ai

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12 Mar 2014 11:23

Fastjet Passengers Figures Continue Ascent February, Seeks Further Investment

LONDON (Alliance News) - African low-cost airline, fastjet PLC said Wednesday its main Tanzanian business flew 35% more passengers in February than the comparable month last year, with average yield per passenger almost doubling. The airline said it flew 35,100 passengers during the course

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12 Mar 2014 07:37

Fastjet carries 2.4 per cent more passengers in February

African airline Fastjet carried 79,715 passengers in February, up 2.4 per cent on the previous year. On a rolling 12-month basis the company had 29.9% more passengers at 985,565. Fastjet's operations in Tanzania carried 35,100 passengers in February, a 35.1% increase on the comparable period of las

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11 Mar 2014 10:14

Fastjet Signs Agreements For Auto Products

LONDON (Alliance News) - fastjet PLC said Tuesday it has signed two partnership agreements, marking the launch of ancillary products on fastjet.com. The African low-cost airline said it signed the deals with Rentalcars.com parent company, TravelJigsaw Ltd and Looking4Parking.com, on Februar

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26 Feb 2014 09:18

FastJet Raises GBP950,000 In Equity Financing Facility Drawdown

LONDON (Alliance News) - African low-cost airline Fastjet PLC Wednesday said it has raised GBP950,000 by drawing down its equity financing facility with Darwin Strategic Ltd. In a statement, the carrier said it had issued 47.5 million shares to Darwin at 2 pence each for the drawdown. Read more

21 Feb 2014 15:52

fastjet appoints general manager of East Africa

African airline fastjet has appointed Jimmy Kibati as its General Manager of East Africa. Kibati, who joins from Kenya Airways where he is Acting Commercial Director, will begin on March 17th and will be based in Dar-es-Salaam, overseeing fastjet Tanzania. He will be responsible for leading the

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18 Feb 2014 09:22

Fastjet Ups Capacity On New Route To Lusaka In Zambia

LONDON (Alliance News) - African low-cost airline fastjet PLC Tuesday said it will increase capacity on its new route between Dar es Salaam in Tanzania and Lusaka in Zambia after it met strong customer demand, and it predicted it would be providing a daily service on the route in the future. <

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14 Feb 2014 09:59

Fastjet January Passenger Numbers Up, Yields Soar

LONDON (Alliance News) - African low-cost airline Fastjet PLC Friday said its main Tanzanian business flew 20% more passengers in January than a year earlier, with yield per passenger almost doubling. In a statement, the airline said it flew 31,241 passengers in January, up from 25,931 a ye

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14 Feb 2014 08:24

UK MORNING BRIEFING: Shares Mixed; Anglo American Swings To Profit

LONDON (Alliance News) - Shares have opened mixed in London Friday, with blue-chips lagging mid- and small-caps despite Anglo American and Coca Cola HBC both reporting swings to profit in 2013. Anglo American is up 1.7% at the open, while Coca Cola HBC is down

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3 Feb 2014 10:34

FastJet Progresses Zambia Base Talks As First Flight To Lusaka Completes

LONDON (Alliance News) - African low-cost airline fastjet PLC Monday said that its first flight between Tanzania and Zambia flew Saturday, meaning its second international route is now underway as it moves forward with "positive" talks to set up a base in Zambia. In a statement, the company

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27 Jan 2014 09:04

Fastjet Raises GBP1 Million In Equity Facility Drawdown

LONDON (Alliance News) - African low-cost airline fastjet PLC Monday said it had raised GBP1 million through a drawdown from its equity financing facility with Darwin Strategic Ltd. It has issued just over 37.7 million shares to Darwin for the drawdown. The shares were down 0.4% at 2.

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23 Jan 2014 11:00

Fastjet Tickets Now Live On Key Systems Used By Travel Agents

LONDON (Alliance News) - African low-cost airline fastjet PLC Thursday said it has seen a flurry of bookings after its tickets became available through key distribution systems used by travel agents and operators around the world, including Amadeus, Sabre and Travelport. The news comes afte

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16 Jan 2014 13:04

Fastjet In Discussions With Zambian Government To Establish Lusaka Operation

LONDON (Alliance News) - Fastjet PLC said Thursday that it was in discussions with the Zambian government about establishing an operation in Lusaka. The company said it expects the new operation would be a Zambian-registered company, in which it would have a substantial stake. The air

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14 Jan 2014 13:04

Fastjet enjoys record numbers in December

Sub-Saharan airline Fastjet enjoyed record passenger numbers and yield in December, as it increased the number of flights between Dar es Salaam and Mbeya in Tanzania from three to four per week. The company's operation carried 37,458 passengers in the month with an average plane load factor of 71%

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14 Jan 2014 11:18

Fastjet Flies Record Passenger Numbers In December

LONDON (Alliance News) - fastjet PLC said Tuesday it carried a record 37,458 passengers during December, the highest number since the airline's launch, and achieved an average load factor of 71%. The African low-cost airline said the average yield per passenger for the month was also a new

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