Fastjet announces new route between Uganda and Tanzania
1st Sep 2014 13:13
The African budget airline Fastjet announced the launch of direct flights between Tanzania and Uganda on Monday. The company said that since Air Uganda ceased flying, other carriers have slightly increased their fares. Fastjet ticket fares will start from $50 excluding taxes. Uganda's capital En
Read moreFastjet increases passenger traffic by 69% in July
11th Aug 2014 12:49
African low-cost airline Fastjet said on Monday it flew 52,839 passengers in July, an increase of 69% against the same month last year. Fastjet said it achieved a load factor of 73%. The airline, which has operated in Tanzania since 2012, saw its capacity rise 8% from June, with 72,355 seats flow
Read moreSector movers: Travel stocks drop on Air France profit warning
8th Jul 2014 14:51
A profit warning from Air France-KLM hit stocks in the UK-listed travel and leisure sector on Tuesday. Both IAG and easyJet were among the top decliners in London after the French-Dutch airline cut its 2014 target for operating profits from around €2.5bn to between €2.2bn and €2.3bn. Despite repor
Read moreFastjet snaps up Fiji Airways finance chief
1st Jul 2014 11:41
The finance chief of Fiji Airways is to take up the equivalent role at Fastjet after the African budget airline said its current finance boss was quitting. Nick Caine, 46, will take over from Angus Saunders as Fastjet's Chief Financial Officer from August 11th. Saunders is stepping down from the
Read moreFastjet agrees to dispose of holding in Fly 540 airline
25th Jun 2014 08:56
Low-cost African airline Fastjet has agreed to offload its stake in the lossmaking Kenyan routes for a "nominal sum". The investment was inherited as part of the acquisition from Africa-based business developer Lonrho Aviation, and has been sold to Don Smith, a Director of the business. All legal
Read morePassenger growth outstrips capacity increases at fastjet
17th Jun 2014 15:15
Tanzanian passenger numbers at African budget airline fastjet rose 20% during May, despite capacity increasing by just 11%. The AIM-listed group carried 43,020 passengers last month, up from 35,763 in April. This was also up 78% year-on-year. Meanwhile, the load factor - a key measure of how full
Read moreFastjet sells two aircraft as loss-making units restructured
29th Apr 2014 10:21
Budget African airline Fastjet confirmed it has begun to restructure its lossmaking 'Fly540' businesses in Ghana and Angola, selling planes to focus on its faster-growing business elsewhere. As the Ghanaian and Angolan units had both been run on a legacy traditional airline model and not the Fastje
Read moreFastjet signs global partnership deal with Expedia
25th Apr 2014 13:00
Low-cost African airline, fastjet, announced it has signed a global partnership agreement with online travel company Expedia. The new deal will allow fastjet to be bookable through the travel website and other associated sites, such as Hotwire and Egencia. Head of commercial at fast jet, Ellis Cai
Read morefastjet's passenger numbers rise in March
17th Apr 2014 15:23
African low-cost airline fastjet said it carried 74,777 passengers in March, up 3.5 per cent on the previous year. The load factor, the number of passengers against the number of available seats, was 67%, compared to 65% in March 2013. "These are very good results for the month of March conside
Read moreFastjet raises cash from Stelios and City to speed expansion
10th Apr 2014 16:11
Budget African airline Fastjet has completed a insitutional fundraising of 11m pounds, including from Sir Stelios Haji-Iannou and easyGroup, and proposed a further 4m pound offer to existing shareholders. The placing was made at a price of 1.6p per share, versus the closing price of 1.8p and a 12-
Read moreFastjet carries 2.4 per cent more passengers in February
12th Mar 2014 07:37
African airline Fastjet carried 79,715 passengers in February, up 2.4 per cent on the previous year. On a rolling 12-month basis the company had 29.9% more passengers at 985,565. Fastjet's operations in Tanzania carried 35,100 passengers in February, a 35.1% increase on the comparable period of las
Read morefastjet appoints general manager of East Africa
21st Feb 2014 15:52
African airline fastjet has appointed Jimmy Kibati as its General Manager of East Africa. Kibati, who joins from Kenya Airways where he is Acting Commercial Director, will begin on March 17th and will be based in Dar-es-Salaam, overseeing fastjet Tanzania. He will be responsible for leading the
Read moreFastjet enjoys record numbers in December
14th Jan 2014 13:04
Sub-Saharan airline Fastjet enjoyed record passenger numbers and yield in December, as it increased the number of flights between Dar es Salaam and Mbeya in Tanzania from three to four per week. The company's operation carried 37,458 passengers in the month with an average plane load factor of 71%
Read morefastjet launches second international route
29th Nov 2013 15:33
fastjet's shares edged higher in Friday afternoon trading after the African airline announced the launch of its second international route from Dar es Salaam, Tanzania to Lusaka, Zambia. It marks the first direct air link between the Dar es Salaam and Lusaka. It currently takes travellers 25 hour
Read moreFastjet starts international flights
18th Oct 2013 08:36
fastjet said its first international flight had taken off, marking a major milestone for the African low cost airline. The AIM-listed company said the flight from Dar es Salaam in Tanzania to Johannesburg in South Africa had left on time. Flights between the two cities will initially operate three
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