Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Is the use oft he ER5 type related to the investment of Solenta, that is we get free lease of the aircraft over a period of time? I also think having a high frequency service is great , Are we code sharing with Emirates in Zimbabwie?
Fjetcrazy are they operated on a wet lease or dry lease? It would be nice if they were in Fjet livery!
Unbelievable that the Zimbabwe can get credit based on past failure
We seem to have cut prices on all Tanzanian routes from today.Hopefully just a blip
http://www.chronicle.co.zw/fastjet-to-reintroduce-johannesburg-vic-falls-flights/
Well done Fastjet,great news and proves we are still alive and kicking. Lets hope the first 6 months results also show we are on the right track with reduced losses and we still have enough cash in the Bank to move forward
Wolfgang was a supporter of the old team and certainly had access to them for press comment Nico has decided not to go down that path by not inviting Wolfgangl to the office whilst he was in South Africa. Nico has a tough job to safe Fastjet from the previous disastrous management
As was said in the accounts the stabilization plan is on course for the end of 2017 to stop the outflow of cash Any new routes should wait until we are in that position . Increasing rotations on successful established routes makes more sense
01 Jun Mbeya (MBI) Dar-es-Salaam (DAR) FN126 - 4:30 PM - 5:55 PM Landed 5:58 PM KML CSV Play
Good news on both will need that extra ER5 soon
Every Thursday will sell out and spill over to friday due to no ATC not flying on Thursdays
It operated on Thursday it was full please check flight radar 24 data history Air Tanzania do no fly on Thursdays
On its way
Hillwi it was the same yesterday completely sold out.I checked it left on time and returned on time Obviously we are only operating the one flight a day but Nico said to manage the cash flow he needed 87% load factor
This route has been sold out both on Thursday and Friday this week granted we are only operating the one flight a day
Fjetcrazy,as i said the only saving factor is that Solenta may not yet be prepared to allow this to go down Certainly high load factors are a must to keep them on board
I imagine that Nico will be having talks with his major shareholder regards the cash situation should it be unmanageable They are new on board so there is a tiny light for the company still flickering l I think the whole thing rests on the load factors whether he can hit his target of 87%in his projections and bringing in the extra E190 and E145
The Loan note must be priority to reschedule. If they don't help by agreeing they will never get paid
Cash flow very tight Gatwick lease ends in August A319s to be returned by October but at a cost New fleet 2x E145 wet lease 2 x E190 dry lease Emirates connection now working $10 million loan to be repaid over 10years dating back to Fly540 October 2017 cash flow at highest stress
Cash burn for the the first months not good. Extra plane going both to Zimbabwe(E145) and two E190s to Tanzania one returned (A319) They state there is enough cash until June 2018 but little headroom Unbelievable mess