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29 Apr 2016 14:36
fastjet Plc
("fastjet" or the "Company")
29 April 2016
Operational Fleet Update
fastjet (AIM:FJET), today provides an update on its aircraft fleet.
Further to the trading and operational update in March 2016, and as part of the Company's ongoing review of its routes and fleet in order to match current demand with capacity, fastjet has agreed the early termination of the lease on one of its A319 aircraft. The aircraft, which was scheduled to come to the end of its lease term in October 2016, will come out of service immediately.
Following the return of this aircraft the fastjet fleet will comprise five aircraft, four leased (one of which comes to an end in Q4 2016) and one owned. The Board will continue to keep the fleet size under review.
ENDS
For more information, contact:
fastjet Plc | Tel: +44 (0) 20 3651 6307 |
Colin Child, Executive Chairman Lisa Mitchell, Chief Financial Officer |
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UK media - Citigate Dewe Rogerson | Tel: +44 (0) 20 7638 9571 |
Angharad Couch |
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Eleni Menikou |
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Nick Hayns |
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South African media - Tribeca Public Relations | Tel: +27 (0) 11 208 5500 |
Cian Mac Eochaidh |
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Kelly Webster |
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For investor enquiries please contact: |
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Liberum Capital Limited - Nominated Adviser and Joint Broker | Tel: +44 (0) 20 3100 2222 |
Clayton Bush | |
Christopher Britton |
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W.H. Ireland Ltd.- Joint Broker | Tel: +44 (0) 20 7220 1666 |
James Joyce |
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Mark Leonard |
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NOTES TO EDITORS
About fastjet Plc
fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. 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. Utilising its fleet of Airbus A319s, fastjet is implementing the low-cost model across Africa with a long-term strategy to become the continent's first low-cost, pan-Africa airline.
The results of the first quarter 2016 customer satisfaction surveys showed that an average of 73% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including Africa's Leading Low-Cost Airline 2016 at the 23rd World Travel Awards, winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.
fastjet Plc is quoted on the London Stock Exchange's AIM Market.
For more information see www.fastjet.com
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