The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Looks like Jimmy Kibati is back with the new Tz board
https://twitter.com/uhuru_digital/status/1062020747911143425?s=21
—
The deal is done , from what i can make of the video, new CEO FJET TANZANIA, under license
Airlines from Tanzania Lusaka is now owned by Tanzanians after the decision of the mother company ownership of Fastajet PLC of the English to withdraw into the ownership of the Agency. Read more > > channelten.co.tz/shirfsatjet
—
We should get RNS today/tomorrow
It certainly gives glimmer of hope for the Phoenix to rise
I’m flying fastjet next week jnb vfa , if they turn up
GBOAE Impotence too kind a word re TZ Government, rather say thieving barstewards, did you know Magafuli cousin running ATCL
Same here!
ER , Nooooo, TZ set to steal fjet Tanzania, what’s left is 49% of zim and even less of mozi
No chance IMO
It also means apart from constant failings even Nico can not reverse the desicion of TZ Government to block fjet at every opportunity, no new routes, retraction of frequency in preparation for ATCL to enter HRE LUN market, blocked introducing ATR72
As at 7 November 2018, the Group had cash balances of US$ 3.9m, of which US$ 3m is restricted cash held inside Zimbabw
Tomorrow announcement
https://www.businessdailyafrica.com/news/ea/tanzania/Fastjet-in-move-to-become-fully-Tanzanian-owned-airline-/4003154-4842142-yc82lk/index.html
https://twitter.com/thecitizentz/status/1060167839909400577?s=21
https://twitter.com/mtanzanianews/status/1059830242414641152?s=21
Announcement on face book Mr Masha has been appointed as executive chairman who is overseeing Management buyout of Fastet Tanzania, well if they pay a shilling for it we will get sweet fany Adams
Information was received from a regular source in Harare that the new government of President Mnangagwa will set aside at least 4 million US Dollars per month for airlines, to repatriate their ticket sales revenues to their respective home offices.
Zimbabwe, under former ruler Mugabe, had literally ran out of cash and remittances for airlines, among many other international obligations, were stopped for lack of hard currency.
The new government, in an effort to boost the economy and in particular tourism, is now reversing those decisions and will begin to gradually let airlines remit their sales proceeds.
Several airlines had halted ticket sales in Zimbabwe unless payments were made with international credit cards and some airlines had threatened to halt flights unless they could get their money back first.
Low fare carrier Fastjet, which has reportedly 2.7 million US Dollars stuck in Zimbabwe for tickets sold from Harare to Johannesburg, Dar es Salaam and other regional destinations, will, when the funds are released, be substantially better off in its cash position, which has been a source of concern and even prompted other, less well informed media organisations, to speculate that the airline may have to close down.
The Company continues to review its current cash requirements and is able to continue operating beyond the end of October due to some improvement in trading and cash generation. The headroom available allows the Company further time to continue discussions with its major shareholders and creditors.-
——
https://www.moneyam.com/action/news/showArticle?id=6187754
1 x jro 2x Mwa, aircraft back in service sooner than anticipated