Fastjet passenger numbers up 33pc year on year
5th Oct 2015 08:50
(ShareCast News) - Fastjet has increased the number of passengers carried by 33% for the month of September compared to the previous year. The Tanzania-based airline revealed its passenger statistics for September on Monday. They showed a total of 76,595 passengers carried, representing 64% of avai
Read moreFastjet takes delivery of first fully-owned aircraft
28th Sep 2015 07:35
(ShareCast News) - African low-cost airline fastjet said it has received its first fully-owned aircraft. The AIM-listed company bought the Airbus A319 at a discount to the $15.5m (£10.2m) market value and took delivery last Wednesday. Fastjet chief executive Ed Winter said it was "the first (aircra
Read moreFastjet carries record number of passengers in August
8th Sep 2015 10:21
(ShareCast News) - Low-cost airline Fastjet carried a record number of passengers in August as it benefited from new routes to Malawi and increased frequency on some existing routes. Fastjet carried a total of 76,741 passengers during the month, up 17.2% from August last year, although the load fact
Read moreFastjet acquires first plane, as fleet expansion continues
26th Aug 2015 10:34
(ShareCast News) - Budget Airline fastjet has reached a deal to buy its first plane, after agreeing to purchase an Airbus A319 aircraft. The Africa-focused carrier has so far been leasing aircrafts, but it announced on Wednesday that its newly-acquired aircraft was expected to be operational by the
Read moreWednesday newspaper round-up: Banks, Fastjet, Uber
26th Aug 2015 07:14
(ShareCast News) - Banks, already facing intense competition from hedge funds to secure top talent, have warned that they risk being handicapped in the hiring race by an overzealous interpretation of EU bonus rules. A legal analysis of EU legislation covering bankers' pay as made it clear that the r
Read morefastjet breaks passenger records for July
10th Aug 2015 07:47
(ShareCast News) - Budget airline fastjet said it broke passenger records in July by carrying 71,763 passengers in a month. The Gatwick-headquartered airline which operates in Africa said it upped its previous record in April this year by more than 3,600 passengers. The July passenger number was up
Read moreFastjet posts rise in passenger numbers
10th Jul 2015 10:16
In its passenger statistics for June 2015, budget airline Fastjet said it carried 23% more passenger compared with a year earlier. Operations in Tanzania carried a total of 65,216 passengers compared with 53,232 in 2015, with a load factor of 69%, down slightly from 79% last year. The load factor me
Read moreFastjet launches new route to Malawi
30th Jun 2015 09:06
Africa's low-cost airline Fastjet has launched a new route to Malawi. The flights between Dar es Salaam in Tanzania and Lilongwe, capital of Malawi, will be put on sale from Tuesday and operations will start in July. Fastjet said it will initially operate twice weekly on Mondays and Fridays, with t
Read moreFastjet completes sale of Fly540 Ghana
22nd Jun 2015 08:42
Budget airline Fastjet has completed the sale of its stake in Fly 540 Ghana to DWG-G Company for the nominal amount of $1. Fly 540 Ghana, which was acquired by Fastjet in 2012, suspended flight operations in May 2014, although it continued to operate at a loss and reported an $11.3m loss in 2014, Fa
Read moreFastjet's maiden losses expand but revenues double thanks to passanger growth in Tanzania
2nd Jun 2015 14:56
Low-cost African airline Fastjet posted an increase in full-year losses after its businesses in Ghana and Angola were suspended. The group said the loss making Fly 540 businesses remain inactive, awaiting sale or closure. Revenues more than doubled to $53.76m from $26.12m, but losses before taxes j
Read moreFastjet passenger numbers up 78% in January
9th Feb 2015 07:54
Tanzania-focused low-cost carrier Fastjet saw a surge in passenger numbers in January, which is normally the quietest month each year for airlines. A total of 55,695 passengers were carried last month on a load factor - a measure of how full planes are - of 69%. This was a 78% jump in passenger num
Read moreAfrican budget airline Fastjet wins Zambian approval
9th Jan 2015 08:17
African low-cost airline Fastjet has taken one step closer to launching operations in Zambia after receiving approval from authorities on the first phase of its application for an air operation certificate (AOC). The company, which already serves the Tanzanian market, said that it hoped Zambia will
Read moreFastjet increases passenger traffic in November
2nd Dec 2014 10:59
African budget airline Fastjet continued to hit new passenger records in November. The carrier increased its number of Tanzanian passengers by 90% to 63,146 in November and achieved a load factor - which measures how full its aircraft were - of 77% during the month. It also said it increased its De
Read moreSector movers: Ebola fears hammer travel stocks, but grocers and miners rise
7th Oct 2014 14:19
Fears about the fallout from a potential Ebola outbreak hammered stocks in the travel and leisure sectors on Tuesday with UK-listed airlines and tour operators dropped sharply. In contrast, supermarket and mining stocks were bucking the trend with the two sectors, which have both bore the brunt of t
Read moreFastjet reaches new heights with passenger record
7th Oct 2014 10:21
African budget airline Fastjet has hit a new passenger record for September. The no-frills carrier part-owned by Easyjet founder Stelios Haji-Ioannou said its operations in Tanzania increased passenger numbers by 79% to 57,756 and achieved a load factor - which measures how full its aircraft were -
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