Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth 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

Launch of route between Tanzania and Uganda

1 Sep 2014 07:00

RNS Number : 4584Q
Fastjet PLC
01 September 2014
 



fastjet plc

("fastjet" or the "Company")

1st September 2014

 

 fastjet launches fourth international route between Tanzania and Uganda

 

 Low-cost pan-African airline offers only direct air link between Tanzania and Uganda

 

fastjet, Africa's low cost airline, is delighted to announce that it is launching flights between Dar es Salaam and Entebbe. Entebbe is fastjet's fourth international destination and the new route will be the only direct air link between the two African capitals. Tickets for the new route go on sale today.

 

Flights are planned to commence on Tuesday the 16th September, and will operate on Tuesdays and Thursdays for the first weeks of September, increasing to four flights a week from the 29th September.

Since Air Uganda ceased flying, the fares offered by other carriers for flights in and out of the country have risen steadily. With its market stimulating fares, starting from as low as US$50 plus government taxes, fastjet is confident that it will have a strong competitive advantage and that this new route will be a commercial success.

 

Commenting on the launch, Ed Winter, CEO and interim chairman of fastjet said:

 

"We believe the launch of this route, the only direct air link between Uganda and Tanzania, will stimulate new business and tourism traffic in Uganda.

 

"fastjet is delighted with this opportunity to enter the Ugandan market and the support it has received from the Ugandan government and authorities. We very much look forward to commencing flights and hope this is the beginning of a wider fastjet network from Entebbe."

 

Tickets for the direct route go on sale today, with fares starting as low as US$50 one-way, excluding airport and government taxes - considerably more affordable than the non-direct flights that are currently the only available air link between the two cities.

 

fastjet operates internationally from Dar es Salaam to Johannesburg, Lusaka and Harare, and has a significant Tanzanian domestic network including flights from Dar es Salaam to Mwanza, Kilimanjaro and Mbeya.

 

The airline was named the cheapest low-cost carrier (LCC) in Africa and the fifth cheapest LCC worldwide in a recent survey by flight comparison site, WhichAirline.com

 

- 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.

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
 
 
MSCLFFELTIILVIS
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.