Africa: Government stops Fastjet Operations in Tanzania for repeated Flight Cancellations

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The Civil Aviation Authority of Tanzania has temporarily revoked FastJet’s operating license at least up to the end of January next year following the airline’s repeated cancellation of flights. The airline also has a huge debt accumulation it owes its contractors and the federal government of Tanzania. Reports from Tanzania indicate that the airline had failed to address several operating […]

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Africa: Fastjet Aviation Plc to exist fromTanzania Unit

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London-listed fastjet plc is set to dispose of its 49% stake in its Tanzanian subsidiary, Fastjet Airlines Limited on the back of an increasingly difficult operating environment. In a statement to The Citizen newspaper, the Tanzanian LCC confirmed Lawrence Masha had been appointed its first executive chairman. “Mr Masha will be working closely with the company’s management team to oversee […]

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Africa: Zimbabwe’s Fastjet to start flights between Harare and Bulawayo

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Low-cost carrier Fastjet announced on Wednesday that it would begin daily flights between Harare, the Zimbabwe capital and Bulawayo, the second largest city, from July 20. The move is expected to end the monopoly currently enjoyed by national carrier, Air Zimbabwe, which operates two daily flights between the two cities. Fastjet’s entry into the Harare-Bulawayo route will gnaw at the […]

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Aviation: Troubled Low cost Airline Fastjet get $10m from Owners as it sets to Operate in South Africa as FedAir

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Fastjet Group has set its sights on entering the South African market in 2019 after having secured approximately USD10 million dollars worth of fresh capital. Following a warning to shareholders last week that it was facing a catastrophic funding crisis, the African low-fare carrier group said on Friday, June 29, that it had now successfully placed 66,495,310 new ordinary shares, […]

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Aviation: Does the decline of Fastjet say anything about Low cost Airline model in Africa

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The African budget airline launched by the founder of Easyjet and the businessman behind the “Gatwick Gusher” nosedived yesterday after it warned it would go bust without emergency funding. Fastjet, which was founded in 2012 with ambitions to become a pan- African airline, has continued to burn through cash since an update on its precarious finances three weeks ago. The […]

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Africa: Low cost Airline Fastjet Expects greater Income in 2018 as it cuts fleet size and type

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Low-cost carrier fastjet said it expects to be cash flow positive from operations for the full-year as it cut its fleet size in key markets such as Zimbabwe and Tanzania and an expanded into Mozambique. The airline responded to shareholder calls for board changes and cost cuts over the last few years by removing its chairman and CEO. Since then, […]

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Aviation: Fastjet drops Airbus A319 for smaller planes as it dumps The Easy jet model for Africa

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Fastjet hopes that its revamped idea to create a pan-African low-cost airline will take off this week. New management will launch operations in oil and gas-rich Mozambique to augment existing services in Tanzania, Zimbabwe and South Africa. Nico Bezuidenhout, chief executive, said that although the dream remained the same the delivery plans had been radically altered from attempts to create […]

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Africa: Fastjet sets to take advantage of Aviation Open Skies announcement by Zimbabwe

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Low-cost airline fastjet has welcomed the statement by Minister of Finance and Economic Development, the honourable Mr Patrick Chinamasa that Zimbabwe is opening its skies to “any airline that wants to fly as many times as possible.” The opening of Zimbabwe’s skies positions the country as a leading nation in the early implementation of the African Union’s Yamoussoukro Decision, the […]

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Africa: With liberalized Air in African Aviation Low cost Airlines will thrive says Fastjet

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Sylvain Bosc, the Chief Commercial Officer of fastjet, talks about on air transport liberalization, operation costs and big plans in Africa. JH: There has been a huge change in almost everything fastjet have done since Nico Bezuidenhout was appointed CEO and implemented the Stabilisation Plan and the financials are showing signs of recovery. Can you outline your fleet and network […]

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Aviation: Fastjet Africa buys brand name from Easyjet Owner

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Fastjet has agreed to buy the brand name of the budget African airline for $2.5 million from Sir Stelios Haji-Ioannou, its co-founder. The tycoon, who also founded Easyjet, said that he had accepted Fastjet’s view that the company should own its brand rather than license it from him. “I feel we have agreed a fair price for its transfer, which […]

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