Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFJET.L Regulatory News (FJET)

  • There is currently no data for FJET

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

fastjet launches flights to Zimbabwe

23 Jun 2014 07:00

RNS Number : 2141K
Fastjet PLC
23 June 2014
 

 

fastjet plc

("fastjet" or the "Company")

23 June 2014

fastjet launches flights to Zimbabwe; third international route for carrier

fastjet, Africa's low-cost airline, will begin operating services between Tanzania and Zimbabwe in August as it expands its international route network across Africa.

The airline will launch a twice weekly operation from Dar es Salaam to Harare with tickets available from today for as low as US$50 (plus government charges and taxes), significantly cheaper than fares from operators offering non-direct flights between the two cities. The announcement marks the third international route for fastjet which already flies from Tanzania to Zambia and South Africa.

Despite strong commercial and cultural ties between the two cities, there is currently no direct air link between Dar es Salaam and Harare. The port at Dar es Salaam is used extensively by Zimbabwean traders and Victoria Falls in Zimbabwe and Zanzibar to the east of Tanzania are popular tourist destinations.

Commenting on the launch, fastjet Interim Executive Chairman and Chief Executive Ed Winter, said: "We are delighted to be launching our third international route to Harare. The people of Tanzania and Zimbabwe are crying out for a direct air link between the two countries and today's news moves us one step closer to becoming the continent's first truly pan-African carrier.

"When we began low cost operations 18 months ago, we promised the people of Africa that we would democratise air travel across the continent and we are well on our way to achieving that. We now look forward to offering fastjet's service of affordable, high-quality air travel to the people of Zimbabwe.

Last week fastjet was placed 5th in a league of the world's cheapest airlines (WorldAirline.com) and the only African airline to feature in the listed top 25, validating that we really are bringing great value to our customers "The first flight is scheduled to take place on 5 August 2014 with services operating on Tuesdays and Saturdays.

Zimbabwe's Transport Minister Hon. Dr O. Mpofu, said: The Government of Zimbabwe is delighted that fastjet is expanding its international route network to include Harare and that in doing so is bringing its low-cost, reliable and safe service to the people of Zimbabwe.

"fastjet's entry into Zimbabwe demonstrates the Ministry of Transport's on-going commitment to the improvement of our country's aviation industry and to the development of trade relationships with our neighbours.

"We look forward to continuing our discussions with fastjet regarding the airline's further expansion in Zimbabwe."

fastjet began operating low cost flights in 2012 and is now established as a reliable, affordable low-cost carrier. Over the past year, it has seen consistently strong passenger numbers and load factors, and maintained excellent punctuality and reliability records.

The airline has carried over 635,000 passengers through its domestic network in Tanzania and internationally to Johannesburg and Lusaka, many of whom were first-time fliers.

ENDS

For media enquiries please contact:

UK media - Citigate Dewe Rogerson Tel: +44 20 7638 9571

Angharad Couch

Eleni Menikou

South Africa media - Tribeca Public Relations Tel: +27 11 208 5521

Cian Mac Eochaidh

For investor enquiries please contact:

W.H. Ireland Ltd. Tel: +44 20 7220 1666

James Joyce

Nick Field

NOTES TO EDITORS

About fastjet plc

fastjet plc is the holding company of the low-cost airline fastjet which commenced flight operations in Tanzania in November 2012. The airline operates a fleet of distinctively branded Airbus A319s and since its launch has grown to encompass the key domestic routes within Tanzania and a rapidly increasing number of international destinations. By adhering to international standards of safety, quality, security and reliability, fastjet has brought a new flying experience to the African market at unprecedented low prices.

fastjet is implementing the low-cost carrier model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline. fastjet plc is also the holding company of airline Fly540, which operates in Kenya, Ghana and Angola.

By offering one way fares from as low as $20, fastjet has stimulated a new customer base; the results of a customer survey showed that 38% of fastjet passengers had never flown before. This democratisation of air travel is expected to gather momentum across the final continent to experience the low-cost airline revolution.

fastjet is committed to communicating effectively with its existing and potential customers and has, to date, won a number of marketing awards. With over 140,000 social media followers, it occupies a unique position in African aviation.

fastjet plc is quoted on the London Stock Exchange's AIM market.

For more information see www.fastjet.com 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCMMGZVGZDGDZZ
Date   Source Headline
30th Jul 20197:00 amRNSHalf-year Report
29th Jul 20194:52 pmRNSResult of Meeting
2nd Jul 20194:29 pmRNSNotice of GM
2nd Jul 20197:00 amRNSDirectorate Change
28th Jun 20197:00 amRNSAnnual Financial Report
27th Jun 20195:51 pmRNSAGM Statement
24th Jun 20197:00 amRNSNotice of Results
10th Jun 20192:10 pmRNSLoan Repayment and Extension
5th Jun 20197:00 amRNSNotice of AGM
23rd Apr 20197:00 amRNSTrading Statement
5th Apr 20197:00 amRNSDirectorate Change
25th Mar 20192:44 pmRNSLoan Extension
1st Mar 20198:48 amRNSLoan Extension
11th Feb 20197:00 amRNSExercise of Warrants
8th Feb 20192:46 pmRNSChange of Auditors
28th Dec 20183:04 pmRNSDirectorate Change
13th Dec 20186:03 pmRNSSatisfaction of Equity Refinancing conditions
7th Dec 201812:38 pmRNSResult of General Meeting and Open Offer
22nd Nov 20187:00 amRNSPosting of Circular
21st Nov 20187:00 amRNSPosting of Circular
16th Nov 20185:55 pmRNSResult of Equity Refinancing
16th Nov 20185:38 pmRNSProposed Fundraising and Equity Refinancing
9th Nov 20187:00 amRNSFunding Update
31st Oct 20184:40 pmRNSSecond Price Monitoring Extn
31st Oct 20184:35 pmRNSPrice Monitoring Extension
31st Oct 20187:00 amRNSFunding Update
26th Sep 201812:08 pmRNSInterim Results
19th Sep 20189:29 amRNSDirectorate Change
3rd Aug 20187:00 amRNSHolding(s) in Company
27th Jul 201810:40 amRNSResult of General Meeting
27th Jul 20187:00 amRNSResult of Open Offer
6th Jul 20187:00 amRNSExercise of Warrants
4th Jul 20185:29 pmRNSNotice of General Meeting
4th Jul 20187:00 amRNSPosting of Open Offer Circular
29th Jun 201811:07 amRNSResult of AGM
29th Jun 201810:00 amRNSResult of Placing
29th Jun 20187:01 amRNSProposed Capital Raising
29th Jun 20187:00 amRNSFinal Results
27th Jun 20187:00 amRNSFunding Update
8th Jun 20187:00 amRNSNotice of Final Results
6th Jun 20184:05 pmRNSNotice of AGM
5th Jun 20187:00 amRNSNotice of final results and loan arrangements
5th Apr 20187:00 amRNSTrading Update
21st Mar 201811:20 amRNSfastjet and LAM to explore commercial co-operation
7th Nov 201711:18 amRNSExercise of Warrants
18th Oct 20171:53 pmRNSResult of General Meeting
3rd Oct 20177:00 amRNSPublication and Posting of Shareholder Circular
29th Sep 20171:28 pmRNSResult of Placing
29th Sep 20178:56 amRNSInterim Results
29th Sep 20178:51 amRNSProposed Fundraising

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.