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Source: Fastjet Facebook [https://www.facebook.com/fastjet]

Recent updates:

 

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Interim Results for the six months ended 30 June 2014

Tanzania first-half revenues grew 96% to $19.0 million, with a 41.5% increase in passenger numbers.

First-half underlying EBIT loss of $30.5 million, including US$13.9 million trading losses in the Tanzanian operation.

fastjet Tanzania punctuality averaged an excellent 90% (arrival within 15 minutes) during the period.

fastjet has added additional frequencies on existing domestic routes. The result of this is that fastjet now enjoys the largest market share on its three domestic routes in Tanzania, offering the highest number of rotations and seats in the market.
Source: fastjet http://www.fastjet.com/img/stand_al...-for-the-six-months-ended-30-june-2014-77.pdf
 

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A loss for the comapny is no surprize, I still think the company has a bright future.

However what I don't understand is after adding so many destinations flying more hours carrying more passengers their first 6 month revenue for 2014 is lower than their first 6 month revenue for 2013.

Any one has an explanation?
 

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Hey Guys,
So Word on the street is that Fastjet Is begning to fly to Lilongwe.
Does anyone have a credible source that is not "WolfgangThorne's blog".

I know he is very well reputed and credible, however I fail to find any office declaration anywhere else.
 

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A loss for the comapny is no surprize, I still think the company has a bright future.

However what I don't understand is after adding so many destinations flying more hours carrying more passengers their first 6 month revenue for 2014 is lower than their first 6 month revenue for 2013.

Any one has an explanation?
Rapid expansion comes with massive short term commitments, such as leasing planes, setting up offices and hiring new staff. It's called CAPEX. this takes a few years to be recovered.So a loss after new routes addition is understandable.
 

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Rapid expansion comes with massive short term commitments, such as leasing planes, setting up offices and hiring new staff. It's called CAPEX. this takes a few years to be recovered.So a loss after new routes addition is understandable.
I was actually familiar with the reason they were having losses. However their revenue had dropped after the addition of new routes. Which I do actually understand couple weeks after I posted my original post.

The company ended the operations of Ghana and Angola which were bringing in some sort of revenue in 2013.
 

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EastAfRica
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Fastjet: Dar es Salaam, Tanzania to Lilongwe, Malawi
Fastjet’s General Manager East Africa, Mr. Jimmy Kibati, over the weekend confirmed that the airline will launch its fifth international destination out of Dar es Salaam on July 27, when a twice weekly service to Lilongwe in Malawi will take off. Flying time between the two airports was given as one hour and forty minutes with an ETD from DAR set at 1025 hrs and an ETA in DAR at 1420 hrs local times.

Fares will, as is the case with all other international destinations, start from as low as 50 US Dollars PLUS TAXES and regulatory fees, available if booked long enough in advance or when the fare is purchases during one of the airline’s regular sales promotions.

This follows in the footsteps of Johannesburg, Lusaka, Harare and Entebbe, other international routes successfully launched in this order, over and above the domestic services from Dar es Salaam to Kilimanjaro, Mwanza and Mbeya, the latter exclusively served on a daily basis by an Airbus A319 jet aircraft.

Bookings can now be made via the airline directly or the various CRS’ Fastjet has signed up to.

In a related development it was still not possible to get any confirmation of the outcome of the Kenya Civil Aviation’s board meeting held 10 days ago and if the contentious issue between Tanzania and Kenya, i.e. landing rights for Fastjet – incidentally a designated carrier by TCAA for the route – have now been granted or not, a matter of hot speculation and equally a matter which, if not coming forth soon, will very likely once again trigger a sharpish reaction by the Tanzania CAA vis a vis flights by Kenyan airlines from Nairobi into Dar es Salaam, Kilimanjaro and Mwanza.


SOURCE
http://www.eturbonews.com/60798/fastjet-dar-es-salaam-tanzania-lilongwe-malawi
 

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EastAfRica
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Fastjet commits to another Airbus A319



African budget carrier fastjet has signed a letter of intent (LOI) with an undisclosed lessor for its fifth Airbus A319 and is preparing to take delivery of its fourth aircraft, which will be used to launch startup carrier fastjet Zimbabwe.

Fastjet operates three A319s from Tanzania, which it says are almost fully utilized. Therefore, in May, fastjet detailed plans to take “a number” of aircraft this year, starting with an Airbus A319 from ICBC International Leasing slated for entry-into-service in the third quarter.

Giving a fleet development update, fastjet CEO Ed Winter said: “Our expansion plans are on track, with our fourth A319 aircraft shortly being flown to Harare in preparation for the planned launch of fastjet Zimbabwe services. We have also signed a letter of intent for our fifth A319 aircraft which, following painting and interior modifications, is due to be added to the fastjet Tanzania fleet for further expansion of that network.”

The African internal market is not yet liberalized, meaning airlines are forced to set up new carriers, or acquire stakes in existing airlines, to operate from other countries. Having hit problems with its attempts to acquire existing air operator’s certificates (AOCs) on other parts of the continent, fastjet is setting up new airlines in Zimbabwe and Zambia.

Fastjet secured its Zimbabwean air service permit (ASP) in March, paving the way for its AOC, which it will use to serve various domestic and international destinations. No timeline was given for the new carrier, which will launch “in due course.” It has also secured its Zambian ASP and cleared the first phase its AOC application.

The budget carrier always intended to launch fastjet-branded airlines across a range of African countries, but over the last two years it has only established operations out of Tanzania. Despite hitting hurdles with expansion plans, fastjet is still aiming to operate 34 aircraft across a network of 40 destinations by the end of 2018. These operations will span Kenya, South Africa, Tanzania, Uganda, Zambia and Zimbabwe.

In June, fastjet’s passenger numbers rose 23% to 65,216, but load factor fell 10 points to 69%. “June incorporated Ramadan, a period that reduces demand considerably. During the month we also introduced a new route linking Dar es Salaam, Tanzania with Lilongwe, Malawi and early sales are encouraging,” Winter said.

SOURCE: http://atwonline.com/lessors/fastjet-commits-another-airbus-a319
 

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Lilongwe joins Fastjet network in Africa with two flights a week from Dar es Salaam

FASTJET LAUNCHES NEW ROUTE TO MALAWI
(Posted 27th July 2015)

Fastjet this morning launched their latest African destination out of Dar es Salaam, when flight FN209 took off at 09.40 hrs to Lilongwe with a full load of passengers, government and airline officials and local media. The new route, Fastjet’s fifth in Africa – they also operate to three domestic destinations out of Dar es Salaam – will initially be served twice a week every Monday and Friday. Fares, like to all other African destinations, start at US Dollars 50 one way, PLUS TAXES and regulatory fees and require prebooking as outlined on the airline’s website www.fastjet.com
Jimmy Kibati, Fastjet’s General Manager for East Africa, ahead of the maiden flight earlier today said: ‘Until now, it has been prohibitively expensive to fly between Lilongwe and Dar es Salaam. We believe that affordable fares on a direct route between the two cities will make it possible for more people in Malawi and Tanzania to experience the safety and convenience of air travel. We have worked closely with the governments of these two magnificent countries to establish this route, as we all agree that it will strengthen the trade, tourism and business sectors. Low-cost air travel stimulates economies in a number of ways, and we’re excited to contribute to economic growth in the countries we operate in’.
Richard Bodin, Fastjet PLC’s Chief Commercial Officer, in the meantime tweeted ‘First Fastjet flight to Malawi today. The LCC revolution spreading across East Africa’ a statement true except for Kenya where aviation authorities continue to sit on two applications, one of Fastjet PLC to establish a Kenyan offspring of Fastjet and the other being the landing rights for Fastjet in Tanzania on the route from Dar es Salaam to Nairobi. Shame on them to deny their people the low cost travel option now available to Tanzanians, Ugandans, South Africans, Zambians, Zimbabweans and as of today Malawians.

SOURCE: https://wolfganghthome.wordpress.co...a-with-two-flights-a-week-from-dar-es-salaam/
 

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EastAfRica
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Startup carrier fastjet Kenya has been granted an air service license (ASL), paving the way for its air operator’s certificate (AOC) application.

Fastjet Kenya plans to launch with domestic flights in 2016. It will join fastjet Tanzania (which is already operational), fastjet Zimbabwe (which is due for launch Oct. 28) and fastjet Zambia (which is slated to begin operations in early December). The group is also planning airline launches in Uganda and South Africa in 2016.

“The granting of the Kenya ASL is a major step forward in fastjet’s plans to become a truly pan-African low-cost airline. Following recently announced progress towards the Zambia AOC and the receipt of our AOC in Zimbabwe last week, today’s announcement signals a very substantial acceleration in the development of the fastjet network and our future growth plans,” fastjet CEO Ed Winter said.

The AOC application process will involve an in depth review of fastjet Kenya’s planned safety management system, operational manuals and structures, its senior staff, fleet, maintenance facilities and technical capability. An early stage of the process includes agreeing a timetable for the application process with the KCAA.

On Oct. 8, fastjet also announced it had signed an interline agreement with Emirates, aimed at boosting traffic for both carriers. “Not only will it allow us access to the millions of passengers that Emirates carries, it is also a significant validation of our operation, service and proven low-cost model,” fastjet CCO Richard Bodin said.

SOURCE:http://atwonline.com/regulation/fastjet-kenya-secures-air-service-license
 

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EastAfRica
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Fast Jet's plan for regular foreign flights blocked

Fast Jet Kenya has not been granted an air service licence to offer international scheduled air services from its base at the Jomo Kenyatta International Airport, the Kenya Civil Aviation Authority announced in a gazette notice on Friday.

KCAA said it had also deferred the application for an air service licence by Jambo Jet and Discovery Airways, without providing the reasons.

It said Ethiopian Airlines has been granted a two years licence to offer international non-scheduled all cargo services on the Nairobi-Addis Ababa route.

Jambo Jets application for international scheduled air services for passengers and freight on the Nairobi/Mombasa/Juba/Entebbe/Dar-es-Salaam/ Mwanza/Bujumbura/Kigali/Zanzibar/Klimanjaro and Addis Ababa was deffered.

East Africa Safari Air Express which currently operates Nairobi-Lokichoggio and Nairobi-Juba has received a three year licence to operate non-scheduled air services for passengeger and freight from JKIA and Wilson Airports to Kisumu, Mombasa, Malindi, Homabay, Migori, Wajir, Lokichar, Moyale, Garissa, Kakuma, Mandera and Marsabit.

It will also fly to Kitale,Mara, Nanyuki, Samburu, Amboseli, Ukunda, Kakamega, Lamu, Meru, Maasai Mara.

According to KCAA, Fast Jet has only been granted a year's air service licence to offer non-scheduled air services for passengers, freight and mail within Kenya and to other destinations in Africa, Middle East and Europe and domestic scheduled air services on the Nairobi, Eldoret, Kisumu, Wajir and Mombasa routes.

Fast Jet had previously said the acquisition of an air service licence would be a significant step toward obtaining an air operating certificate, which would allow it to commence Kenyan operations and launch international flights six moths later.

The targeted routes from Nairobi were Entebbe, Kinshasa, Harare, Kilimanjaro, Juba, Lilongwe, Lusaka and Zanzibar.

The airline currently operates international scheduled air services from Tanzania, South Africa, Zambia, Zimbabwe and Uganda, using aircraft A319, CRJ200 and CRJ100.

SOURCE: http://www.the-star.co.ke/news/fast-jets-plan-regular-foreign-flights-blocked#sthash.HqRbTgWE.dpuf
 

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some people are gonna cry today......while for those who spoke less and reserved their words :cheers::cheers:
KENYA CAA YIELDS TO GROWING PRESSURE AND GRANTS FASTJET LANDING RIGHTS
Relentless pressure on the Kenya Civil Aviation Authority from their Tanzanian counterparts has finally brought the Kenyan aviation Berlin Wall crashing down.

In a breaking news development can it be exclusively confirmed that Fastjet Tanzania will commence flights between Dar es Salaam and Nairobi and also between Kilimanjaro and Nairobi with one way fares as low as US Dollars 80 and US Dollars 50 respectively, plus regulatory charges and airport taxes.


It was said here for months now that the KCAA was desperately trying to keep Fastjet out of the Kenyan skies on routes where their own airline industry was well established but the imminent threat by the new Tanzanian government to once again cap frequencies into Tanzania and limit entry points, similar to their action ten months ago, eventually had the Kenyan aviation bureaucrazy – pun fully intended – yield and approve Fastjet’s landing rights.

It is anticipated that flights between Zanzibar and Nairobi and Dar es Salaam and Mombasa will soon be added as Fastjet has now clearly established itself as a regional aviation force, linking Dar es Salaam not only with four domestic destinations but, when flights to Kenya start on the 11th of January, with five African destinations, namely Johannesburg, Harare, Lusaka, Entebbe and next coming up Nairobi.

Ed Winter, the CEO of Fastjet, shared his Stock Exchange Notice filed just moments ago in London with this correspondent:

‘Fastjet Tanzania has been working towards the launch of these routes for some time and we are extremely pleased that clearance has now been granted to commence operations. To date, passenger traffic between the major cities of Dar es Salaam and Nairobi, which have a combined population of over 8 million people, has been limited by high air fares which we believe, have excluded large parts of the local population from air travel. The only alternative to flying is to undertake a long and difficult journey by road, which can take up to 12 hours. As has been the case with other routes that we have launched, we expect to stimulate the market as passengers embrace Fastjet’s great value, safe, reliable flights and move from road to the air. Nairobi and Dar es Salaam are not only key travel destinations, and two of the busiest’ airports in the region, but also hubs with extensive regional and international networks. Expanding the network into Kenya marks an important milestone in Fastjet’s strategic development and is a significant achievement for the Company, its staff and shareholders’.

Fastjet PLC was also granted an Air Services License by the Kenyan CAA to set up a franchise in Kenya and work towards establishing an operation there are progressing, however with no firm date yet available other than that operations are due to commence in 2016, when an Air Operator Certificate has been attained.

In a related development was it also learned from reliable sources in Harare that Fastjet Zimbabwe will be designated for the route between Harare and Johannesburg after Fly Africa has lost their AOC over a range of unsolved problems as outlined in a court ruling by the High Court in Harare and massive tax claims by the Zimbabwe Revenue Authority.
scr: https://wolfganghthome.wordpress.co...nzania-finally-gets-landing-rights-for-kenya/
 

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