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Name: FASTJET
7JetSet7 Code: FSJ
Status: Operational
Region: AFRICA
City: JOHANNESBURG
Country: SOUTH AFRICA
Employees 177
Web: fastjet.com
Email: info@fastjet.com
Telephone: +255 685 680533
Fax:
Sita:
Background
(definitions)

Click below for data links:
FSJ-2013-01 - STATUS-A
FSJ-2013-01 - STATUS-B
FSJ-2013-01 - STATUS-C
FSJ-2013-01 - STATUS-D
FSJ-2013-03-UPDATE-A
FSJ-2013-03-UPDATE-B
FSJ-2013-03-UPDATE-C
FSJ-2013-03-UPDATE-D
FSJ-2013-10 - FASTJET VS SAA
FSJ-2014-02 TO LUSAKA-A
FSJ-2014-02 TO LUSAKA-B
FSJ-2014-08 - TO HARARE
FSJ-2014-08 - TO HARARE-A
FSJ-2014-08 - TO ZIMBABWE
FSJ-2015-01 - UGANDA CAPACITY 6 DAYS.jpg
FSJ-2015-07 - Africa Update - A.jpg
FSJ-2015-07 - Africa Update - B.jpg
FSJ-2015-07 - Dar es Salaam to Lilongwe.jpg
FSJ-2015-10 - FastJet Zimbabwe 1st Flight.jpg
FSJ-2016-02 - Harare to Johannesburg.jpg
FSJ-CABIN ATTENDANTS - 2013-01
FSJ-LOGO
FSJ-Logo - 2015-09.jpg
FSJ-ROUTE MAP - 2013-01
FSJ-ROUTE MAP - 2013-03
FSJ-TANZANIA AIRPORTS - 2013-03
FSJ-TANZANIA TOP 12 AIRLINES - 2013-03
FSJ-VISIT TANZANIA - 2012-12

Formed and started operations in 2012. Domestic, regional, & international, scheduled & charter, passenger & cargo jet airplane services.

Address:
P O Box 38639 Upanga
Plot No 767/39, Suite No 1
Samora Avenue
Dar-es-Salaam, Tanzania

The United Republic of Tanzania (Jamhouri ya Mwungano wa Tanzania), including the half-autonomous island of Zanzibar) was established in 1964, it covers an area of 945,087 sq km, its population is 30 million, its capital cities are Dodoma and Dar-es-Salaam, and its official languages are Swahili and English.





Sir Stelios' easyGroup management team has been working on a feasibility study that is expected to recommend Fastjet.com connect six West African countries to Accra, with the possibility of expanding to 15 countries at a later date. According to reports in "The Financial Times," Fastjet.com is considering leasing 15 airplames and will launch operations within the new few months.

If successful in Ghana, Fastjet.com would like to expand across Africa and become the first pan-African carrier. Attempts by (LCC) Fly540, which now operates in three East African countries and plans to work with Fastjet.com in West Africa, to become pan-African, have until now been stalled by external obstacles.

May 2012: Fastjet (FSJ) plans to lease up to 15 airplanes for its new low-cost carrier (LCC) operation based at Accra Kotoka (ACC) airport. The new carrier is backed by Rubicon Diversified Investments and the EasyGroup owned by easyJet (EZY) founder, Sir Stelios Haji-Ioannou.

June 2012: EasyJet (EZY) founder, Sir Stelios Haji-Ioannou will call his new low-cost carrier (LCC) "Fastjet" (FSJ) and base it in Africa.



Sir Haji-Ioannou first revealed plans to launch the airline last fall, causing a row with the easyJet (EZY) board.



Fly540 recorded turnover of $57 million and carried 525,375 passengers in the 15 months to December 31, 2011. During that period, it posted a loss of -$19 million after tax, largely due to the launch of the Angola and Ghana operations.



In return for the use of the Fastjet brand, easyGroup will receive a royalty of 0.5% of revenues and 5% of Rubicon's issued share capital with an option to acquire a further 10% at a premium. The EasyGroup will also provide consultancy services to Rubicon throughout the 10-year term.

In addition, easyGroup will be able to appoint two directors to the Rubicon board. One will be Ed Winter, former (COO) of easyJet (EZY) and Founding Director/(COO) of low-cost carrier Go (GOL), who is earmarked to become Fastjet (CEO) on completion of the deal. Sir Haji-Ioannou is likely to be the other.



September 2012: Fly SAX (EFZ) (IATA) Code: B5) is the new name of Kenyan regional carrier East African Express which currently operates a single DC-9-14 (45725, 5Y-XXA) and a Fokker 28-4000 (11229, 5Y-EEE) on domestic services. Fly SAX is owned by Fly540 ((IATA) Code: 5H, based at Nairobi Jomo Kenyatta International airport (NBO)) and it is unclear what role if any it will play following the transition of Fly540 and its subsidiaries to pan-African, low-cost carrier (LCC) Fastjet (Accra Kotoka (ACC)).

Fly540 Ghana ((IATA) Code: 5G, based at Accra Kotoka Airport (ACC)) has now launched its international expansion, already serving Abidjan Felix Houphouet Boigny Airport (ABJ) 5x-weekly from Accra Kotoka (ACC) and launching flights to Freetown Lungi International airport (FNA) 4x-weekly from September 14, to Monrovia Spriggs Payne airport (MLW) 3x-weekly from September 18, and to Lagos Murtala Muhammad airport (LOS) 5x-weekly from September 24. It currently operates an ATR 72-500 and an E170 and is expected to be the first carrier to operate under the new Fastjet (FSJ)) (based at Accra Kotoka (ACC)) brand soon.

October 2012: Fastjet (FSJ) has signed a lease agreement with Swedish lessor Volito Aviation for two additional A319-100s. It plans to launch operations in November between Dar-es-Salaam (DAR) and Nairobi Jomo Kenyatta International (NBO) with a single ex-easyJet (EZY) A319-111 (2176) currently being prepared at London Southend (SEN) airport.

November 2012: Fastjet (FSJ) ((IATA) Code: FN; (ICAO) Code: FTZ) has revised its initial route network plans and its (CEO), Ed Winter has now said that it expects to initially put seats on sale for domestic flights from Dar es Salaam to Kilimanjaro (JRO) and Mwanza (MWZ) with services starting from the end of November. In a second phase, it will be expanding with additional A319-100s offering international flights to Entebbe/Kampala International (EBB), Juba (JUB), Kigali Kanombe (KGL) and Nairobi Jomo Kenyatta International (NBO).

(FSJ) has replaced sister carrier Fly540 ((IATA) Code: 5H, (ICAO) Code: FFV (Callsign: SWIFT TANGO), based at Nairobi Jomo Kenyatta International Airport (NBO)) after launching initial operations with three A319-100s in Tanzania. (FSJ) then plans to launch operations in Ghana, and thereafter with Angola being #4 on its priority list.

(FSJ) has announced that it plans to raise additional $2.4 million USD in capital by issuing new shares at the London Stock Exchange. It plans to use the funds to expand in "Southern Africa" earlier than it had anticipated. (FSJ) is reportedly interested in acquiring the operating license and some assets of bankrupt South African low-cost carrier 1time airline (1TA) based at Johannesburg Oliver Reginald Tambo International (JNB) airport.

December 2012: New pan-African low-cost carrier (LCC) start-up, Fastjet (FSJ) confirmed it is in negotiations to buy 1time Airline (1TA), the South African (LCC) that went into liquidation last month.

The proposed transaction (which is subject to the board, parent 1time Holdings and regulatory approval) would involve Fastjet (FSJ) paying a nominal fee for the purchase of 1time (1TA) and reaching a settlement with (1TA) creditors.







The deal is conditional on UK and South African regulatory approval. The airlines will also need the go-ahead from both sets of shareholders and (1TA) will need to reach a court settlement with its creditors.





Through the deal, (FSJ) will gain the right to operate domestic and regional air services in South Africa. (FSJ) plans to initially operate from Johannesburg to Cape Town D F Malan International (CPT), Dar-es-Salaam (DAR), East London (ELS) and Port Elizabeth (PLZ) with its new South African subsidiary.

(FSJ), which began flying last month, has three A319s serving two domestic Tanzanian routes: Dar es Salaam to Mwanza and Kilimanjaro. It plans to open a second hub in Nairobi in Kenya in the spring, followed by hubs in Ghana and Angola. By May, it will operate five airplanes, growing to up to 15 airplanes within its first year of operations.

Backed by (EZY) founder, Sir Stelios Haji-Ioannou, (FSJ) has also confirmed it is in talks about a potential partnership with Emirates (EAD).





(FSJ) will expand its routes after recently launching operations. (FSJ), which began operations on November 29, said it carried 6,884 passengers in its first week of operations, with an average load factor of 85.4% LF. (FSJ) began operations from Dar es Salaam in Tanzania to two domestic destinations of Mwanza and Kilimanjaro.

(FSJ) has sold 18,090 tickets to the two launch destinations, with bookings now being taken as far out as March 2013.







(FSJ) will soon detail plans to serve Entebbe in Uganda, Johannesburg in South Africa and Moroni in the Comoros Islands.

(FSJ) has signed a memorandum of understanding with grounded Kenyan airline Jetlink Express, paving the way for a joint venture (JV). The deal, subject to approval, will launch the Fastjet brand in Kenya.





(FSJ) operates two domestic routes from Dar es Salaam and it is planning to add international services soon. It wants to acquire more African (AOC)s and has already inked a provisional deal to acquire South African low-cost carrier (LCC) 1time (1TA), which went into liquidation in November 2012.

Five Forty Aviation is demanding $6.8 million in unpaid debts from Lonrho Aviation, which is now operating as African-low-cost carrier Fastjet (FSJ). The $6,783,551.67 payment is alleged to cover financial support for Fly540 Tanzania, Angola, Ghana and elsewhere.









Fastjet (FSJ) has rebutted all the allegations, which mark an escalation of earlier claims, and has threatened counter-legal action against Five Forty Aviation.

The dispute dates back to the original deal that created FastJet (FSJ). In June 2012, FastJet (FSJ) (formerly known as Rubicon Diversified Investments) acquired Lonrho Aviation, which owned regional airlines Fly540 Angola, Fly540 Ghana and Fly540 Tanzania. The Fly540 brand was licensed to Lonrho by Five Forty Aviation.

















However, in an earlier statement, (FSJ) indicated that the extra working capital would be used to support its South African expansion. (FSJ) has already struck a deal to acquire South African carrier 1time (1TA), which went into liquidation in November and it is also pursuing a joint venture (JV) with Kenyan carrier, Jetlink Express.







Following the fund raising exercise, (FSJ) will have a total of 2,072,416,561 ordinary shares with voting rights.

(FSJ) is currently locked in a hostile dispute with Five Forty Aviation, which dates back to acquisitions made to create FastJet (FSJ).





Smith claims (FSJ) still owes Five Forty Aviation nearly $6.8 million, and in retaliation, withdrew the licenses granted to (FSJ) to use the Fly540 brand for its operations in Angola, Ghana and Tanzania.





























SEE ATTACHED - - "FSJ-TANZANIA TOP 12 AIRLINES - 2013-03."



As Precision Air (PRT) currently does not have any long-haul kit, numerous other carriers are sucking passengers out of Tanzania to feed their own respective networks. These include three Middle Eastern carriers Qatar Airways (QTA), Emirates Airline (EAD) and Oman Air (OMR), with the latter offering daily connections from Muscat to Zanzibar, while the remaining two airlines are flying to Dar es Salaam (Qatar (QTA), double daily; Emirates (EAD), daily). Within Africa, Kenya Airways (KEN) and Ethiopian Airlines (ETH) are feeding their respective hubs, while (KLM) and Turkish Airlines (THY) provide the only hub connections to Europe, but as both only operate five weekly frequencies, neither is large enough to feature in the Top 12.







April 2013: Fastjet (FSJ) tired of waiting on its planned acquisition 1time (1TA), is instead planning to launch services in South Africa May 31 in cooperation with South African investment company, Blockbuster.









(FSJ) has named former Air Uganda (AUN) (CEO), Kyle Haywood as head of its new South African venture, which is slated to launch May 31.

Earlier this month, (FSJ) inked a deal with South African investment company Blockbuster and its local carrier partner Federal Airlines, paving the way for its entry into the South African market.



Blockbuster has changed its name in South Africa to Fastjet Holdings, headed by South African businessmen, Edward Zuma and Yusuf Kajee. Fastjet Holdings will be 75%-owned by Zuma and Kajee, while the remainder will be held by London-based Fastjet (FSJ) plc.



On May 31, (FSJ) is targeting to launch twice-daily services between Johannesburg and Cape Town. Flights to other key destinations will follow.

Later, Fastjet (FSJ) postponed its South African launch, which was originally planned for the end of May, until the beginning of July.

June 2013: Fastjet (FSJ) has stepped back from plans to form a joint venture with grounded Kenyan carrier Jetlink Express after resolving difficulties with its Fly540 Kenyan regional operation.



Fastjet (FSJ) Executive Chairman, David Lenigas has stepped down, effective immediately, and will be replaced on an interim basis by (CEO), Ed Winter.







(FSJ) (CEO), Ed Winter is closing in on vital international route rights from Tanzania, which it needs to ensure the viability of its operations from that country.

July 2013: EasyGroup Holdings, the private investment vehicle of EasyJet (EZY) Founder, Stelios Haji-Ioannou, has elected to take newly issued Fastjet (FSJ) shares in lieu of all royalty and consultancy payments due to EasyGroup up to December 31.

These payments relate to the brand license agreement announced in May last year. Following the transaction, 110,334,156 newly issued Fastjet (FSJ) shares at 1p will be issued to EasyGroup, increasing its holding in (FSJ) from under <3% to 5.81%. The remaining terms of the agreement remain unchanged.













August 2013: Fastjet (FSJ) will launch its first international route on September 27. The service between Johannesburg and Dar es Salaam will be operated three times a week with an A319 narrow body.

Frequencies will be increased "in line with market demand", said the pan-African low-cost carrier (LCC), which on June 14 was granted government clearance to fly to South Africa. "For some time, the Dar es Salaam to Johannesburg route has only been operated by one airline and the lack of competition has created inflated fares," said
Richard Bodin, (FSJ)'s Chief Commercial Officer (CCO). "Fastjet (FSJ) will substantially reduce the average fare, and in doing so will encourage more leisure and business traffic between Tanzania and South Africa."

Flightglobal's FlightMaps Analytics data shows that South African Airways (SAA) is currently the only operator on the route.

Fastjet (FSJ) was also given permission to begin operating to Zambia, and it says it will add a Lusaka route to its network "in the near future."

It had also planned to begin operating domestic services in South Africa from July, but has since postponed them indefinitely in order to concentrate on the launch of international services.

Fastjet (FSJ) will add services between Dar es Salaam and Mbeya in Tanzania from November 1, just as it prepares to launch international flights. (FSJ) will operate into Songwe Airport, which is due to be completed in October and will serve the city of Mbeya and the densely-populated cross-border regions of northern Zambia and Malawi.





Fastjet (FSJ) recently reorganized its share capital after the value of its shares fell, blocking the airline from issuing any new capital.




At the close of business Monday August 19, (FSJ) shares were trading at 0.995 pence each. The new shares were launched Tuesday August 20 morning at 10 pence per share, but had dipped to 8.75 pence by noon Tuesday.

According to FAPA.aero, FastJet (FSJ) is recruiting A320 family airplane Captains and First Officers (FC).

September 2013: Fastjet (FSJ)'s inaugural flight from Dar es Salaam Airport in Tanzania to Johannesburg has been pushed back to mid-October due to "unexpected administrative delays."

(FSJ), co-founded by Sir Stelios Haiji-loannnou (founder of easyJet (EZY)), said it received a last minute request for paperwork from the South African Department of Transport. Six flights, two scheduled for September 27th, two for September 30th and two for October 2 have been cancelled as a result of the delay. Fastjet (FSJ) is looking to establish itself as the first pan-African low-cost carrier (LCC), and will compete directly with South African Airways (SAA) on the route between Dar es Salaam and Johannesburg.



(FSJ) said all affected passengers would receive refunds.



Fastjet (FSJ) is hoping to start domestic airlines in Nigeria and South Africa in 2014 following the launch of its international operations.

Fly540 Kenya increases Nairobi - Lodwar service from 6X- to 9X-weekly.



Fastjet (FSJ) is hopeful of starting domestic operations in Nigeria in the first or second quarter of next year. (FDJ) (CEO), Ed Winter said a planned joint venture (JV) with Nigeria's Red 1 Airways to create a new low-cost carrier (LCC) in the west African country is still on hold, while its Red 1 Airways waits for an aircraft operator certificate (AOC) from the government.





Flights between the two cities will initially operate 3X-weekly until demand warrants a frequency increase.

Fastjet (FSJ) had to postpone its planned launch of international services last month following a last-minute request for additional paperwork from South Africa's Department of Transport.











December 2013: Fastjet (FSJ) will increase service on its new Dar es Salaam - Mbeya service from 4x-weekly to 7x.





(FSJ) is also marking its first full year of flight operations from Dar es Salaam's Julius Nyerere airport.



In its first year, (FSJ) has carried more than >355,000 passengers on its domestic network in Tanzania and internationally to Johannesburg in South Africa, and early indicators point to a busy festive season.

Fastjet has appointed four new directors to the board of its subsidiary, Fastjet Airlines (FSJ). Tanzanian diplomat, Ami Mpungwe and prominent lawyer and businessman Lawrence Masha will serve as non-executive directors. (FSJ) (CFO), Angus Saunders and (CCO), Richard Bodin will also join (FSJ) as executive directors.



(FSJ) said the new Lusaka operation would be distributed and marketed as part of the Fastjet (FSJ) network, but would be a Zambian-registered company in which (FSJ) would have a substantial stake.







Fastjet (FSJ) Operations Director, Captain Rob Bishton is leaving (FSJ) to take over as Head of the UK's Civil Aviation Authority (CAA)'s Flight Operations department within the (CAA)'s recently merged safety and airspace functions. Rob is a current A320 and 737 Captain and instructor. He will replace the (UK CAA)'s retiring Bob Jones.

































Fastjet (FSJ) has signed an agreement with Lusaka-based Proflight Zambia enabling passengers to book travel on a single ticket to 15 cities in Zambia, Malawi and Tazania on the two airlines. (FSJ) will fly the Dar es Salaam - Lusaka service from May 1 and the Tanzania domestic services from Dar es Salaam, while Proflight will fly its existing domestic routes in Zambia, and its route to Lilongwe in Malawi from Lusaka.



May 2014: African budget carrier, Fastjet (FSJ) has confirmed it has temporarily suspended operations in Angola as part of a major restructuring program aimed at turning around its loss-making Fly540 businesses there and in Ghana.

Currently, the Ghana and Angola businesses operate on a legacy airline model. Fastjet (FSJ) believes that (although both countries present significant long-term opportunities for its low-cost model) the optimum short-term potential is exploiting growth opportunities in East and Southern Africa.

As part of the restructuring, two group-owned ATR airplanes, previously operating in Ghana and Angola, have been taken out of service and are in the process of being sold. A leased airplane continues to operate in Ghana, and the Angolan operation will resume when two further leased airplanes return to service upon completion of required maintenance. Fastjet (FSJ) said it would release further details on the restructuring of both Fly540 operations in due course.



Fastjet (FSJ) has suspended operations at its Fly540 Ghana subsidiary as part of its long-running battle to curb its legacy Fly540 losses.






(FSJ) (CEO), Ed Winter said the legacy Fly540 business is not part of its core (LCC) model. He reiterated his ambition to launch Fastjet (FSJ) low-cost operations in both Angola and Ghana in the long term.





June 2014: Fastjet (FSJ) has struck a deal to sell its stake in loss-making Fly540 Kenya for a nominal fee and is considering replacing it with a new venture, "Fastjet Kenya."

Fly540 Kenya formed part of Lonrho Aviation, a legacy business that Fastjet (FSJ) acquired to establish itself in the African market.


The stake is being acquired by Fly540 Director Don Smith, who last year ended up in a legal battle with (FSJ) over alleged unpaid debts. This dispute was ultimately resolved and Smith continued as (CEO) of the Kenyan business.



Fastjet (FSJ) launched its own-branded Airbus A319 low-cost operations from Tanzania in November 2012. Besides Fly540 Kenya, it also owns Fly540 Angola and Fly540 Ghana, although both of these have been grounded to curb losses.

Fastjet (FSJ) appointed to its board of directors (CCO) Richard Bodin, Krista Bates, and Clive Carver, effective immediately. Krista Bates recently joined the company as Group General Counsel, and Clive Carver will join the board in the role of Non-Executive Director.

July 2014: Fastjet ((IATA) Code: FN, based at Dar-es-Salaam) (FSJ) has outlined its proposed two-phase growth-strategy for the next four years. Announcing its Full year results for the Financial Year ended December 31, 2013, (FSJ) said the initial phase would focus on fully utilizing its current resources by increasing frequencies on its existing network (i.e Dar-es-Salaam to Mbeya, Mwanza, Kilimanjaro, Lusaka, Johannesburg O R Tambo, and soon, Harare International) in addition to rolling out new routes to Kenya, Malawi, and Uganda.

Once that phase is complete, (FSJ) will then proceed with expansion throughout Africa. "By 2018, (FSJ) expects to operate 24 airplanes and carry 6 million passengers. This represents only a 13% market share of estimated pan African passengers in these markets," it said.

Tanzania, Kenya, South Africa, and Zambia have been identified as major growth opportunities.

Fastjet (FSJ) addeds four flights for a total of 25x-weekly on Dar es Salaam - Mwanza. It also adds one flight to Dar es Salaam - Lusaka on August 17 for a total of 4x-weekly. New service on Dar es Salaam - Harare has moved from an August 2 start date to August 5.

With its proposed new venture, Fastjet Zambia (Lusaka), currently in the pipeline, (FSJ) plans to base two airplanes in Zambia during the course of the year increasing the operation's fleet to three airplanes in 2016.

Thereafter, it plans to base three airplanes in South Africa in 2015 and expand its fleet in the country to five airplanes in 2016 and seven airplanes in 2017.

Fastjet (FSJ)'s suspended Ghanaian and Angola operations (Fly540 Ghana ((IATA) Code: 5G, based at Accra) and Fly540 Angola ((IATA) Code: F5, based at Luanda) do not feature in the plans and will only return to operational status, once their restructurings have been successfully completed.

To improve (FSJ)'s international presence, it plans to enter into commercial and marketing agreements with third party inter-continental airlines of which Emirates (EAD) has been touted as a prospect.

(FSJ) currently operates 3 airplanes, and serves 4 countries, 7 destinations, 6 routes and 17 daily flights.

August 2014: Fastjet (FSJ) has launched its third international route this month, with the inauguration of flights between its home base of Dar es Salaam in Tanzania and Harare, Zimbabwe.







(FSJ) operates internationally from Dar es Salaam to Johannesburg, Lusaka and Harare, with a domestic network in Tanzania that includes Mwanza, Kilimanjaro, and Mbeya.

September 2014: Fastjet (FSJ) reported a net loss of -$34.5 million for the six months ended June 30, reduced from a loss of -$41.9 million reported for the same period last year.

(FSJ) launches flights to its fourth international destination in the middle of September, inaugurating the first direct air link between Tanzania and Uganda.

Services between Dar es Salaam and Entebbe will begin September 16, with twice-weekly flights until September 29, when frequency will increase to 4x-weekly.





Tickets for the Entebbe route have already gone on sale and are currently lower than fares for non-direct flights between the two cities, (FSJ) said.

(FSJ) operates internationally from Dar es Salaam to Johannesburg, Lusaka and Harare, and its domestic network in Tanzania includes Mwanza, Kilimanjaro, and Mbeya.



SmartClass gives passengers advance premium seat allocation, baggage allowance of up to 32 kg, and the ability to change flight dates at no additional cost.





Fastjet (FSJ) has applied for a Kenyan Air Service License (ASL), forming part of its four-year expansion strategy, as pressure begins to mount from its high-profile shareholder, Stelios Haji-Ioannou.



Over the period to December 31, 2018, Fastjet Tanzania will focus on growing its revenue, load factors and yield, while keeping tight control of costs. It will boost frequencies on existing routes (Dar es Salaam to Entebbe, Harare, Johannesburg, Kilimanjaro, Lusaka, Mbeya, and Mwanza) and add new routes from Tanzania, opening destinations in Kenya (Nairobi) and Malawi (Lilongwe).























October 2014: Fastjet (FSJ) announced its Tanzanian flight services have been hit by four bird strikes, which resulted in a number of flights being delayed or canceled.









November 2014: News Item A-1: Fastjet ((IATA) Code: FN, based at Dar-es-Salaam) (FSJ) has rejected reports in the Zambian press that the country's interim President, Guy Scott, used his influence to grant Fastjet Zambia (Lusaka) its Air Services Licence (ASL). Scott, Africa's first white President since South Africa's FW de Klerk stepped down in 1994, was appointed Zambia's interim leader following the death of President Michael Sata late last month.

"(FSJ) has applied for a Zambian (ASL) and looks forward to receiving a decision from the Zambian Government in due course," (FSJ) said. "The company has fully complied with all the necessary regulations and followed the correct and official procedures with regards to its application."

Citing sources in the Zambian Ministry of Transport & Communications, the "Zambian Watchdog" news site claimed (FSJ)'s application had been fast-tracked to Minister, Yamfwa Mukanga's desk with allegations the process was pushed through on Scott's direction.

A 49/51 joint venture with a local investor, Fastjet Zambia began its certification earlier this year with plans to offer domestic Zambian and regional services by year-end. Fastjet (FSJ) has stated it intends to base three A319-100s out of Lusaka once operations have been established.

However, some local operators have expressed reservations about (FSJ)'s entry into the Zambian market with concerns the airline could undercut and ultimately drive them out of business.

(FSJ) said its Zambian subsidiary, Fastjet Zambia (Lusaka), has secured its Air Services Licence (ASL) from the country's government. The issuance has been clouded in controversy with claims Zambia's interim President, Guy Scott, had expedited the process.

"Timescales before the first flight will be dependent on the time taken for the authorities to review the (AOC) application documents. We look forward to going on sale and commencing operations in Zambia, once that process has been completed," (CEO), Edward Winter said.

Zambia will be fastjet (FSJ)'s second base with plans to roll out flights to various destinations in East and Southern Africa once all certification has been completed. (FSJ) has also been awarded 5th Freedom Rights by the Ugandan government to operate flights from Uganda to Juba, Nairobi Jomo Kenyatta, Kigali, and Johannesburg O R Tambo. (FSJ) said that it would commence flights once authorities in the relevant countries had given their approvals.

With the recent controversial demise of Air Uganda ((IATA) Code: U7, based at Entebbe/Kampala) (AUN), Uganda has allocated foreign carriers the much sought after rights with Ethiopian Airlines (ETH) and RwandAir (RWA) having benefited as well. "5th Freedom rights present a fantastic opportunity to increase the Tanzanian network, increasing airplane utilization and also establishing the fastjet (FSJ) brand in Uganda without the immediate establishment of a full Ugandan base," Winter added.

(AUN) says it is in talks with a number of potential investors, including industry partners and specialist African investors, with the aim of completing funding talks for its planned Zambian and Ugandan operations by early next year.

In a bid to accelerate its Tanzanian operation's entrance into the African regional market, (FSJ) recently disposed of a 51% stake in fastjet Tanzania to local Tanzanian investors. Initially, these shares will be put into a holding company before being sold to Tanzanian investors, Fastjet (FSJ) said.

Majority local ownership is expected open up new international markets to the airline as per Tanzania's various Bilateral Air Service Agreements.

News Item A-2: Fastjet (FSJ), which is seeking further funding, is selling some of its shares in fastjet Tanzania to local investors and has been granted both its Zambia air service permit (ASP) and Ugandan fifth freedom rights.

December 2014: News Item A-1: Fastjet ((FSJ) has sold a pair of ATR72-500s formerly operated by Fly540 Ghana and Angola, as part of its previously announced restructuring of the two businesses.

The two ATR72-500s (949 and 826) are being acquired by Elix Assets 7 for a current market value of $11.6 million for (949) and $9.75 million for (826). This will be paid directly to African Export-Import Bank (Afreximbank), which holds the financing facility for the airplanes; however, Fastjet Aviation Limited will have to cover the remaining $2.3 million debt. This is slightly higher than the $2.1 million impairment that (FSJ) set aside in its 2014 interim results.



Fastjet (FSJ) is restructuring the two Fly540 regional operations and has suspended flights at both businesses, so it can focus on its core Airbus A319 budget operations under its own branding.

Fastjet (FSJ) has sold off a pair of a ATR 72-500s to Irish firm Elix Assets 7 Ltd (Ireland), a subsidiary of Elix Aviation Capital, for USD21.3 million. (FSJ) said the turboprops, (949) and (826), were previously in service with its defunct Fly540 Angola ((IATA) Code: F5, based at Luanda) and Fly540 Ghana ((IATA) Code : 5G, based at Accra) subsidiaries and though they had not been in active service since the beginning of the year, they had continued to rack up finance leasing and other costs.

"The airplanes were purchased using a financing facility provided through the African Export-Import Bank; the USD21.35 million proceeds from the sale will go towards paying off the money (FSJ) owes to the bank," it said.

(FSJ) itself operates three A319-100s with a fourth, (2281, 5H-FJR), set to be delivered shortly. It serves destinations within Tanzania as well as Johannesburg O R Tambo, Harare International, Entebbe, and Lusaka internationally. It was recently granted 5th Freedom rights to operate flights from Entebbe/Kampala to Juba, Nairobi Jomo Kenyatta, Johannesburg, and Kigali.

News Item A-2: fastJet (FSJ) is aiming to finally pursue fleet expansion and launch affiliates in 2015. The group ended 2014 with a fleet of only three A319s (the same number of airplanes it operated at the end of 2012 and 2013) after repeatedly delaying expansion and the launch of new affiliates.

The Tanzania-based group could potentially triple its fleet in 2015 as a second affiliate is launched in Zambia and potentially a third base is also opened, most likely in Uganda. But such growth is far from a certainty and it seems unlikely the long anticipated launch of affiliates in Kenya and South Africa will occur in 2015.

fastJet (FSJ) has accumulated approximately -USD 200 million in losses since being established in 2012. It is confident lower oil prices and the suspension of unprofitable operations in Angola and Ghana will significantly improve its financial position in 2015.

Protectionist hurdles (frequently of little practical value) remain and competition meanwhile is intensifying.

The London-listed fastJet group currently consists of one airline, fastJet Tanzania (FSJ), operating three A319s on three domestic and four international routes. (FSJ) launched services in late 2012 with an initial fleet of three A319s.

(FSJ) has been able to expand in 2014, although on a very low base, by increasing airplane utilization rates. fastJet Tanzania (FSJ) passenger traffic was up +59% for the 12 months ending Nov 30th 2014, to 569,000.

The increase in passenger numbers this year has been mainly driven by the launch of three new international routes from its Dar es Salaam base. (FSJ) began serving Lusaka in Zambia in February 2014, followed by Harare in Zimbabwe in August 2014, and Entebbe in Uganda in September 2014. Based on schedules for January 2015, Entebbe is served with 4x-weekly flights, while Harare, Lusaka, and Johannesburg (which was launched in October 2013) are each served with 3x-weekly flights.

The low cost carrier (LCC) also has added domestic capacity and currently operates an average of seven domestic flights per day. This includes three daily flights from its Dar es Salaam base to Mwanza, between two to 3x-daily flights to Kilimanjaro, and between 1x- to 2x-daily flights to Mbeya.



(FSJ) also has been able to reduce unit costs, as it has nearly doubled its average airplane utilization rate, which in the first year of operations was extremely low for an (LCC) at less than 6< hours per day. But the group has remained highly unprofitable.

For the six months ending June 30th, 2014, the last period the group reported financial results, (FSJ) incurred a group operating loss before exceptional items of -USD 31 million compared to -USD 25 million in (1H) 2013. The group has accumulated operating losses of -USD 166 million over the last three years (July 2011 to June 2014) while generating revenues of only USD 97 million.

About three-quarters of these losses and half the revenues were generated by fly540-branded operations, which (FSJ) acquired in attempt to accelerate its entrance into several African markets. fly540 Tanzania, which had been the smallest of the fly540 franchises, was quickly converted into an (LCC) and rebranded "fastJet Tanzania" (FSJ). But the group ultimately determined that fly540 Kenya could not be converted into an (LCC) and that the Angola and Ghana markets were not ready for the (LCC) model. fastJet (FSJ) disposed of fly540 Kenya in June 2014, while fly540 Angola suspended operations in February 2014 and fly540 Ghana stopped operating in May 2014.

The sale and suspension of the various fly540 affiliates, which were all following a regional airline rather than the (LCC) model, significantly improves the (FSJ) outlook in 2015. The group can now focus on expanding its footprint throughout Africa by launching new affiliates from scratch, which should ensure future operations have the (LCC) (DNA) needed to be viable.

The initial strategy of buying existing airlines seemed logical at the time, mainly aimed at overcoming the burdensome regulatory protectionism confronting start-ups in most African countries; however, in this case it proved too challenging and very costly.

While the outlook is brighter without the burden of the fly540 operations, the fastJet group still has to turn around its only remaining airline subsidiary, fastJet Tanzania (FSJ). The (LCC) has accumulated operating losses of over >-USD 40 million since launching services in late November 2012, including a -USD 22 million loss in 2013 and a -USD 14 million loss in (1H) 2014.

The losses are clearly unsustainable given the airline only generated USD 47 million in revenues through its first 19 months of operations. This includes USD 2 million in December 2012, USD 26 million in 2013, and USD 19 million in (1H) 2014.

The group is confident fastJet Tanzania (FSJ) can become profitable in 2015, boosted by lower fuel prices, as it does not have any fuel hedges. But given the extent of the losses so far (including an operating margin of about negative -74% in (1H) 2014 (it will take a lot more than lower fuel costs to turn the (LCC) around).

Scale is clearly an issue. fastJet Tanzania (FSJ) is about to carry its one millionth passenger (a milestone most (LCC)s meet in a much quicker timeframe than the 25 months taken by (FSJ)).

The Tanzanian market is relatively small and is not expected by (FSJ) to support an (LCC) operation of more than >7 airplanes over the medium to long term. Even with its current three airplanes schedule (FSJ) is already the largest airline in the Tanzanian market with an approximately 20% share of total seat capacity.





After encountering numerous setbacks in the main markets of Nigeria, Kenya, and South Africa, (FSJ) decided in early 2014 to pursue an affiliate in Zambia as its first priority. As (CAPA) previously outlined, this was a sensible decision, because while Zambia is small, it is a relatively under-served and less competitive market with fewer barriers to entry.

The group was initially aiming to launch fastJet Zambia in mid-2014. After the initial target date was missed, it remained optimistic it would still begin operations by the end of 2014. In late June 2014, (FSJ) unveiled a four-year fleet plan which included two A319s for fastjet Zambia by the end of 2014.





A revised four-year fleet plan, unveiled in late September 2014, included three A319s for fastjet Zambia in 2015, as well as four additional airplanes for Tanzania, two for Zimbabwe and one for Kenya. South Africa, which in the June 2014 version of the fleet plan was allocated three airplanes in 2015, was not included in this latest plan until 2016.

fastJet (FSJ), however, has already taken a step back from this plan. Mr Winter advised that the group is now taking a flexible approach to its fleet plan for 2015 and beyond.

The number of airplanes the group will add in 2015 hinges on how plans and approvals for new bases progress. Mr Winter said the fleet potentially could triple in size, which would suggest nine airplanes by the end of 2015 (still fewer than the up to 13 airplanes earlier envisioned).

(FSJ) plans to stick with A319s, as it resumes fleet expansion, but has not yet completed any deals for additional airplanes. The group is currently talking to several leasing companies and should not have any issues securing additional airplanes, when it is finally ready to expand as there are plenty of second hand A319s currently available.



The flexible approach to fleet expansion is sensible as it is difficult to predict how fast (or slow) approvals can take to secure in the bureaucratic context of the African regulatory environment. Market conditions and the competitive landscape can also change rapidly.







Another challenge (FSJ) continues to face, is securing traffic rights. Even once an (AOC) is secured in a particular country, it can take months or years to get the desired traffic rights.

For fastjet Zambia, South Africa is the main target market. (FSJ) is confident it can secure traffic rights for Lusaka - Johannesburg, a large market now dominated by South African Airways (SAA) with four daily flights, as there are currently no Zambian carriers on the route. But South Africa can be notoriously slow and difficult in approving any new foreign carrier from operating into South Africa. (FSJ) found this out the hard way in 2013 when South African approvals for its Tanzanian subsidiary dragged on for months, leading to repeated delays in launching Dar es Salaam - Johannesburg.

(FSJ) believes future applications to South Africa will be processed faster as South African authorities are now familiar with the group. But the fact remains that South Africa can be tempted to protect flag carrier (SAA), which relies on very high yielding regional routes to offset losses elsewhere, despite the obvious consumer benefits to opening up the international market to (LCC)s.

Kenyan authorities have appeared to be even colder to the prospect of new (LCC) competition. (FSJ) has still not been able to secure Kenyan approvals to serve Dar es Salaam - Nairobi, a large market now only served by Kenya Airways (KEN) with four daily flights. (FSJ) also has applied for three other Tanzania - Kenya routes (Dar es Salaam - Mombasa, Kilimanjaro - Nairobi, and Zanzibar - Nairobi) as well as fifth freedom rights for Entebbe - Nairobi.







All the delays in securing new traffic rights and (AOC)s are costly as competition on several of the routes targeted by (FSJ) is intensifying. For example, the Lusaka - Johannesburg route will likely no longer be an (SAA) monopoly by the time fastjet Zambia is awarded its (AOC) and secures all the required approvals from the South African side.

RwandAir (RWA) recently unveiled plans to launch Lusaka - Johannesburg in early 2015 using newly secured fifth freedom rights. New (LCC) group flyafrica.com (FZW) is also planning to launch services on March 9th 2015 between Lusaka and Johannesburg, also using fifth freedom rights.



(FSJ) launched operations nearly two years prior to flyafrica (FZW) but has not been able to leverage its first mover advantage due to all the delays in establishing new joint ventures (JV)s. (FSJ) now risks becoming the second (LCC) on several routes including Lusaka - Johannesburg and Harare - Johannesburg.

Zimbabwe is likely to emerge as an initial battleground between (FSJ) and flyafrica.com (FZW) as (FSJ) is now looking at establishing a Zimbabwean affiliate in 2015. The decision to pursue an affiliate in Zimbabwe, which was not part of the original (FSJ) business plan, seems like a strategic move in response to flyafrica (FZW). As Zimbabwe is a relatively small market (similar in size to neighboring Zambia), it may not be able to support two home-grown (LCC)s over the long term.

Mr Winter believes the Zimbabwe - South Africa market is large enough to support another new entrant and points out there are still unused traffic rights on the Zimbabwean side. Harare - Johannesburg is a large market ripe for (LCC) stimulation, as there is a high volume of ethnic and migrant worker traffic, which has traditionally traveled by bus.



fastjet Zimbabwe could also potentially compete with flyafrica.com (FSJ), (SAA) and Comair (CML) on the Victoria Falls - Johannesburg route. But as (FSJ) also plans to have an affiliate in Zambia it could instead opt to compete against (SAA) and (CML) on the Livingstone - Johannesburg route. Livingstone is on the Zambian side of Victoria Falls and is only about 30 km from Victoria Falls Airport.

(FSJ) plans to focus its Zambian operation on the capital Lusaka with domestic services to Ndola along with international services to Johannesburg, Lilongwe, and Nairobi. But (FSJ) plans to consider some services at Livingstone, which is primarily a leisure market.

Zimbabwe is now one of six target markets for (FSJ) along with Tanzania, Kenya, South Africa, Uganda, and Zambia. The aim is eventually to establish affiliates in all these markets except Uganda, where (FSJ) envisions opening a base but using its Tanzanian certificate.



The group does not believe it can support all the planned fifth freedom routes from Uganda by flowing through airplanes from Tanzania as the Dar es Salaam - Entebbe route is not likely to support more than one daily flight. A small base is therefore envisioned in Entebbe using fastjet Tanzania (FSJ) airplanes. This would create a de facto fastjet Uganda, without a Ugandan (AOC).

(FSJ) could however, run into challenges securing approvals from Kenya and South Africa for the planned Entebbe - Nairobi and Entebbe - Johannesburg routes. RwandAir (RWA) also secured fifth freedom rights from Uganda earlier this year for Entebbe - Nairobi but have been prevented from operating by Kenyan authorities. Kenya Airways (KEN) is currently the largest airline in the Uganda market with about an 18% share of seat capacity.

South Africa is also generally not receptive to fifth freedom applications and is likely to be keen to keep Johannesburg - Entebbe as a monopoly route for (SAA), particularly as (SAA) faces the prospect of new (LCC) competition in other regional international markets.

Entebbe - Kigali and Entebbe - Juba are relatively small markets that may not be able to support another new competitor. RwandAir (RWA) and Ethiopian (ETH) both recently launched Entebbe - Juba using newly awarded fifth freedom rights. (RWA) also now competes on the Entebbe - Kigali market with flydubai (FDB), which recently secured fifth freedom pick up rights from Uganda and Rwanda for the local sector of its Dubai - Entebbe - Kigali route.

Kigali and Juba may also be too small to sustain services from more than one (FSJ) base. Generally, (FSJ) is looking for destinations that can support services from multiple bases. This is a typical strategy for a regional (LCC) group, as connecting the dots provides for better economy of scales and synergies, as stations can be shared.

For example, (FSJ) envisions Lilongwe in Malawi as a destination from both Dar es Salaam and Lusaka, with both routes potentially launching in 2015. Johannesburg and Nairobi would be able to support several (FSJ) routes, even if the group does not succeed at launching local affiliates in South Africa and Kenya.

Some destinations, including Nairobi, could also be served from cities other than where the bases are located. For example, (FSJ) is now looking at operating some international routes from Tanzanian gateways other than Dar es Salaam (namely Mwanza and Zanzibar). ((FSJ) currently only operates domestic flights at Mwanza. Zanzibar, which is only about 70 km from Dar es Salaam by ferry, is served through a partnership with small regional carrier Coastal Aviation.)

2015 will be a critical year for (FSJ). After a slow initial two years, the group should finally be able to launch a second affiliate and expand its fleet beyond three airplanes. But once again, there will be challenges to overcome, including continued regulatory resistance in some markets and, increasingly as time passes, new (LCC) competition.

(FSJ) has been a pioneer in establishing the (LCC) model in East Africa. It has successfully stimulated demand by bringing the first taste of low fares to consumers in markets that traditionally have had some of highest average fares in the world.





During December, (FSJ) carried 65,653 passengers, +75% up on December 2013. Load factor was two points up at 76% LF.





March 2015: The devastating impact of sanctions by the Tanzania Civil Aviation Authority against Kenya Airways (KEN) clearly prompted heavy political pressure on Kenya's top duo, and it appears that the lobbying and what essentially amounted to "get this sorted or else," messages bore fruit, when Kenya President Kenyatta spoke to Tanzania President Kikwete to lift sanctions imposed by both countries earlier on, at a lower level.

It is understood that Kenya Airways (KEN) and other Kenyan airlines will resume their full schedule with immediate effect and that Mwanza will also remain open for Kenyan airlines to operate into.

The result of presidential intervention also exposes the incredible stubbornness and "cutting off your nose to spite your face" attitude among tourism and aviation bureaucrats, and the responsible ministers on both sides of the border. Hotheads from Kenya and Tanzania for a few days were in a shouting match frenzy on social media and comment sections in the print media, and several notorious individuals even spoke of cutting diplomatic ties. This exposed their dire lack of common sense and their ability to seek compromise over confrontation, something they seem to thrive on.

In turn, Tanzanian tourist vehicles will again be able to access Jomo Kenyatta International Airport. First in December, and then again in February, this whole scenario was made impossible by a verdict of none other than the Kenyan Cabinet Secretary for East African Affairs, who also still holds the tourism portfolio, clearly failing on both scores and paving the way for the confrontation.

It is hoped that the directive by the heads of state to resume deliberations, and it is understood that the entire range of issues from both sides will be put on the agenda, can bring their bureaucrats to heel, and have them do what is necessary to ensure continued smooth cross border operations for tourism and aviation.

Sources close to Tanzania's Fastjet (FSJ), an airline clearly meeting nationality requirements, as is outlined under the Bilateral Air Services Agreement between the two countries, are contrary to what ill-intended individuals have been peddling in public, having expressed quiet hope that their landing rights will soon be approved now that the spirit of give and take has resumed at the highest level of relations between the two countries.

Said an Arusha-based source: "Keeping these bans up, even in an election year, would have caused immense economic damage on both sides. This was the best outcome, and we hope that the next round of negotiations will reach agreement on a whole range of issues, all aimed to fully implement the East African Community [EAC] protocols in place about economic cooperation and access to each other's markets. We need to learn to be partners. Our parks and attractions complement each other. Serengeti and Masai Mara are trans-boundary ecosystems which need protecting and using in equal terms. Tsavo and Mkomanzi, and Amboseli and Kilimanjaro and Arusha National Park are adjoining, too, and I personally hope that sooner, rather than later, we can return to the pre-1977 modus operandum, when borders were open across the (EAC) and everyone could travel freely."



(FSJ) launched low-cost Airbus A319 operations from Dar es Salaam, Tanzania in 2012, and has since expanded to three airplanes, serving three domestic (Mwanza, Kilimanjaro, and Mbeya) and four international routes (Johannesburg, Harare, Entebbe, and Lusaka). However, plans to establish a network of (FSJ)-branded operations across Africa has been stilted by regulatory hurdles.

























Despite hitting hurdles with expansion plans, (FSJ) is still aiming to operate 34 airplanes across a network of 40 destinations by the end of 2018. These operations will span Kenya, South Africa, Tanzania, Uganda, Zambia, and Zimbabwe.

June 2015: News Item A-1: Fastjet (FSJ) recorded a group loss after tax of -$72 million for the year ended December 31, 2014, compared to a restated post-tax loss of -$55.2 million for the preceding year.





The past year has seen Fastjet (FSJ) suspending its legacy Fly540 Angola and Fly540 Ghana services and these are now considered to have been discontinued. (FSJ) acquired the Fly540 businesses (along with their parent, Lonrho Aviation) as a launch vehicle in June 2012.





Airplane utilization over 2014 as a whole rose to 7.9 hours compared to 5.9 the previous year and (by the end of the reporting period) had reached 10.2 hours. Load factor rose slightly, to 73.3% LF compared to 72.5% LF in 2013.



Growth for 2015 is expected to come both from the core Tanzanian operation and from the addition of new Fastjet (FSJ) airlines in Zambia and Zimbabwe.

News Item A-2: Fly540 Ghana ((IATA) Code: 5G, based at Accra) has been sold to UK-based firm, "DWG-G" Company Limited, for the princely sum of USD1.00, owner fastjet plc (FSJ) has announced. "DWG-G" is the parent company of "DWG-G" Airways and "DWG-G" Cargo.

"The disposal of Fly540 Ghana is a great step forward in fastjet (FSJ)'s restructuring plans for our legacy businesses," Fastjet (FSJ) (CEO), Ed Winter said.

fastjet (FSJ) acquired the Ghanaian low cost carrier (LCC) from Lonrho Aviation in 2012 but suspended its operations in May 2014 to allow for a company-wide restructuring. In the year ended December 31, 2014, Fly 540 Ghana recorded losses before tax of -USD11.3 million.

"Whilst West Africa remains of interest to us as a low-cost market in the future, our current focus is on expanding our footprint in Eastern and Southern Africa. fastjet (FSJ) has retained the right to discuss the introduction of the "fastjet" brand in West Africa, when it considers the economic conditions and infrastructural environment to be more favourable," he ended.

fastjet (FSJ) sold off Fly540 Ghana's sole remaining airplane, an ATR72-500 (826), in May last year alongside that of defunct sibling, Fly540 Angola (F5, Luanda).

Founded in 2010, Fly540 Ghana was originally a subsidiary of Fly540 (IATA) Code: 5H, based at Nairobi Jomo Kenyatta). It was the Kenyan (LCC)'s maiden venture into the West African market, offering budget domestic and regional services.

July 2015: News Item A-1: fastjet (FSJ) has added Malawi to its network with the launch on July 27 of 2x-weekly (Mondays and Fridays) service between its base at Dar es Salaam (DAR) in Tanzania and Lilongwe (LLW). The 970 km route is already served by Malawian Airlines (AML) which operates 3x-weekly, DHC-8-Q400 services. (FSJ) will operate one of its three A319s on the route. (FSJ) now serves destinations in South Africa, Uganda, Zambia, and Zimbabwe, as well as Malawi. In June (FSJ) carried 65,216 passengers.

News Item A-2: "Fastjet Commits to Another Airbus A319" by (ATW) Victoria Moores, July 15, 2015.

fastjet (FSJ) has signed a letter of intent (LOI) with an undisclosed lessor for its 5th Airbus A319 and is preparing to take delivery of its fourth aircraft, which will be used to launch startup carrier fastjet Zimbabwe.









(FSJ) 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 (FSJ) 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.



August 2015: Fastjet (FSJ) has signed a letter of intent (LOI) to buy another Airbus A319, which will be used to launch fastjet Zambia.



Fastjet (FSJ) has announced it will undergo a rapid fleet expansion since May, when it operated just three A319s. This latest commitment, if firmed, will double its total fleet to six aircraft.





The fourth A319 will be used to create fastjet Zimbabwe, and the fifth aircraft will be used to expand existing airline fastjet Tanzania, while this latest addition will be used to launch fastjet Zambia.



Despite hitting hurdles with expansion plans, (FSJ) 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.



News Item A-2: fastjet (FSJ) has named non-executive, Colin Child as Chairman, replacing Clive Carver, who has held the role on an interim basis since April 1, 2015.

Child will take up his new role with effect from October 1, 2015, when Carver will cease his temporary duties and resume his former duties as a Non-Executive Director.





(FSJ) is about to hit a period of rapid growth, as it adds capacity to its Tanzanian operation and establishes start-up carriers in Zambia and Zimbabwe.











The next launch will be fastjet Zambia, slated to begin operations in early December, followed by Kenya, Uganda and South Africa in 2016.

Fastjet (FSJ) still owns legacy business, Fly540 Angola, although this airline is grounded, awaiting sale or closure.

News Item A-2: "Fastjet Kenya Secures Air Service License" by (ATW) Victoria Moores, October 12, 2015.



A 51/49 partnership between an undisclosed Kenyan national and the London-listed fastjet plc, Fastjet Kenya has encountered stiff resistance from local operators such as Kenya Airways (KEN), African Express Airways (AFX) and Fly SAX (EFZ), which collectively managed to block the nascent (LCC)'s original application for an (ASL) a year ago.

Fastjet Kenya plans to launch with domestic flights in 2016. It will join fastjet Tanzania (FSJ) (which is already operational), fastjet Zimbabwe (which is due for launch October 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.







Under the deal, Emirates (EAD) passengers will be able to book fastjet (FSJ) tickets on all of Emirates (EAD)'s sales channels using a bespoke link between (EAD) and (FSJ)'s reservations system.

News Item A-3: "Fastjet Zimbabwe Launches Operations" by (ATW) Victoria Moores, October 28, 2015.

See attached "FSJ-2015-10 - FastJet Zimbabwe 1st Flight.jpg."

Startup carrier fastjet Zimbabwe operated its first flight on October 28, making its debut between Harare and Victoria Falls.

The inaugural flight, operated by a 144-seat Airbus A319, departed Harare at 1400 local time and was met by a traditional water canon salute on arrival at Victoria Falls an hour later.

Fastjet Zimbabwe will initially serve Harare - Victoria Falls 3x-weekly, although frequencies will be ramped up in line with demand. The new carrier is aiming to stimulate the market, with up to 40% of its passengers flying for the first time, rather than taking a long bus journey between the cities.

It also plans to add international services, linking Harare with South Africa, Kenya, Zambia, Democratic Republic of the Congo (DRC), Botswana and Malawi.

Over the course of the next three years, fastjet expects to invest $15 million in the Zimbabwean airline and employ approximately 200 people directly.



December 2015: Fastjet ((IATA) Code: FN, based at Dar-es-Salaam) (FSJ) has secured Kenyan traffic rights following protracted negotiations between the Tanzanian and Kenyan authorities. (FSJ), the Tanzanian low cost carrier (LCC) said last week that daily return flights from Kilimanjaro and Dar-es-Salaam to Nairobi Jomo Kenyatta would launch with effect from January 11, 2016.

Flights between Zanzibar and Nairobi, as well as Dar es Salaam and Mombasa are also expected to roll out later in 2016.

"Fastjet Tanzania (FSJ) 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," Ed Winter Chief Executive Officer of fastjet (FSJ) said.

Though (FSJ) had planned to launch flights to Kenya earlier this year, it struggled to secure the requisite traffic rights from Nairobi. Prior to talks between Kenya's President Uhuru Kenyatta and his (now former) Tanzanian counterpart, Jakaya Kikwete in March, Kenya had refused to grant (FSJ) traffic rights ostensibly over concerns Fastjet (FSJ)'s share and managerial makeup did not satisfy effective ownership and control criteria for it to qualify as a designated Tanzanian carrier under the terms of the 2 countries' Bilateral Air Services Agreement (BASA).

January 2016: "Fastjet (FSJ) Adds Kenya; Seeks New (CEO)" by (ATW)
Victoria Moores, January 13, 2016.

Fastjet (FSJ) (CEO) Ed Winter has decided to step down, just days after fastjet Tanzania (FSJ) launched its long-awaited services to Kenya.







(FSJ) was granted Kenyan route rights on December 23, 2015, triggering the launch of daily Nairobi flights from Dar es Salaam and Kilimanjaro on January 11. Zanzibar - Nairobi and Dar es Salaam - Mombasa routes will be added later in 2016.



Fastjet (FSJ) has 2 active airlines in the group, its original fastjet Tanzania (FSJ) operation and fastjet Zimbabwe, which launched domestic flights in October 2015 and is expected to start international services soon.



In September 2015, the group also detailed plans to launch fastjet-branded operations in +3 more countries in 2016 (namely Kenya, Uganda, and South Africa).







Routes as follows:
Dar es Salaam (DAR) to Nairobi (NBO) A319 7x- vs Kenya Airways (KEN) 35x-, to Zanzibar (ZNZ) A319 12x- vs Coastal Aviation 63x-, ZanAir 60x-, Flightlink 35x-, Precision Air (PRT) 14x-, and Tropical Air 2x-,
Johannesburg (JNB) TO (ZNZ) A319 7x-, vs Mango 2x-, Nairobi (NBO) to Kilimanjaro (JRO) A319 7x-, vs (PRT) 18x-, and (KEN) 10x-.

1 A319-112 (2891, 5H-FJG), ex-(F-WTDD) delivery.

February 2016: fastjet Zimbabwe on February 1 commenced services between Harare (HRE) and Johannesburg (JNB). The African low cost carrier (LCC) will operate the 958 km sector daily, using its fleet of A319s to connect the 2 cities.



March 2016: News Item A-1: African low-cost carrier (LCC) fastjet (FSJ) has issued a 3rd profit warning in a year and has said it may have to raise further funds later in 2016.

The profit warning came days after major shareholder, Stelios Haji-Ioannou called for an extraordinary general meeting with the aim of firing (CEO) Ed Winter and another director, complaining about management salary levels and that the company is run from London, rather than Africa.

Winter has already intimated his departure, but Haji-Ioannou wants to make this immediate.

Tanzania-based, (FSJ) plans to set up operations in multiple African nations, but this process has taken longer than anticipated.



It planned further measures to reduce its operating costs and overheads including a reduction in capacity and rationalization of its route network to align it with current demand.







News Item A-2: "EasyJet Founder Seeks to Dismiss Fastjet (CEO), Director" by (ATW) Alan Dron, March 3, 2016.

EasyJet (EZY) Founder Stelios Haji-Ioannou, who is also a major shareholder in young African low-cost carrier (LCC) fastjet (FSJ), has called an extraordinary general meeting (EGM) in a bid to dismiss (FSJ) (CEO) Ed Winter and Director & Group General Counsel Krista Bates.





Fastjet (FSJ) began operations in Tanzania just >1 year ago and in October last year started flights with sister-operation Fastjet Zimbabwe. The company plans to open similar operations in several other African nations.





Winter has already intimated that he plans to stand down, but Haji-Ioannou wants his immediate dismissal.







News Item A-3: Fastjet (FSJ) (CEO) Ed Winter has brought forward his leaving date to March 18, triggering the cancellation of an extraordinary general meeting calling for his removal.





Haji-Ioannou owns 12.6% of (FSJ) through easyGroup and on February 29 he used his voting rights to call an extraordinary general meeting, demanding the removal of both Winter and (FSJ) General Counsel, Krista Bates.











Haji-Ioannou welcomed the news, saying it is long overdue.

(FSJ), which 1st launched in Tanzania in November 2012, has undergone a series of breakthroughs over recent months. It has established a 2nd international airline in Zimbabwe, fastjet Tanzania has secured pivotal international expansion to Kenya after a 3-year wait and the group has doubled its fleet from 3 to 6 A319s.









Fastjet (FSJ) shareholder Stelios Haji-Ioannou has accused (FSJ) of being in breach of its brand license, deepening the rift with airline management. Haji-Ioannou, Founder and former Chairman of the easyGroup, which owns the (FSJ) brand license and a 12.6% stake in (FSJ). Building on earlier tensions, which recently triggered the departure of fastjet (FSJ) (CEO) Ed Winter, Haji-Ioannou wrote to (FSJ) Chairman Colin Child on March 17.

June 2016: Fastjet (FSJ) narrowed its net losses in 2015, recording a deficit of -$16.9 million compared to its -$58.5 million loss a year earlier.

It achieved the result on revenue on continuing activities up +21% to $65.1 million, up from $53.8 million for the year-ago period. Passenger numbers rose +32% to almost 788,000 in 2015.



Fastjet (FSJ) is bidding to become the 1st pan-African low cost carrier (LCC), but has had a stuttering 1st few years, as several markets failed to mature as quickly as hoped.





The airline had taken actions to mitigate these problems, reducing costs and cutting underperforming services. It was continuing to match capacity to the lower demand now forecast.



This failed to impress Haji-Ioannou, Chairman of easyGroup (EZY), the owner of the fastjet (FSJ) brand and a 12.3% shareholder in the airline.





July 2016: African low-cost carrier (LCC) fastjet (FSJ) has raised a new tranche of capital through a share placement.



The shares were offered and taken up within hours in London, where fastjet (FSJ) has its corporate HQ. Its operational base is Tanzania and it has recently launched a sister company in Zimbabwe.





September 2016: Fastjet ((IATA) Code: FN, based at Dar-es-Salaam) (FSJ) is set to replace the bulk of its A319-100 fleet with Embraer (EMB) E190s.

December 2016: Fastjet (FSJ)) has wet-leased A319-100 (3564, LZ-FBA) from Bulgaria Air ((IATA) Code: FB, based at Sofia) (LZB) Skyliner Aviation has reported. The A319-100 was positioned from Sofia, Bulgaria to Harare International, Zimbabwe for FastJet Zimbabwe operations.

January 2017: Johannesburg, South Africa-based Solenta Aviation Holdings is to acquire 28% of African low-cost carrier (LCC) fastjet (FSJ) as part of a $48 million equity deal, which is expected to be finalized by January 24.

Under the agreement, which is subject to (FSJ) shareholder approval on January 23, Solenta will receive 95.6 million fastjet (FSJ) shares, worth $19.2 million, and 2 board nominations. In return, Solenta will provide (FSJ) with 3 wet-leased aircraft and other services over the next 5 years.









March 2017: fastjet (FSJ) has recruited another 2 former South African Airways (SAA) group executives as Chairman and (CFO).



He has been hired by (FSJ) (CEO) Nico Bezuidenhout, who also came from Mango (MGO) and has held the (FSJ) Chairmanship on an interim basis since November 2016.









July 2017: News Item A-1: "Fastjet Acquires Full Brand Rights for $2.5 million" by (ATW) Victoria Moores victoria.moores@penton.com, July 5, 2017.

African low-cost carrier (LCC) fastjet (FSJ) has paid $2.5 million to acquire the full intellectual property rights behind its brand from UK company, the easyGroup.











Dar es Salaam-based Fastjet Tanzania launched flights in November 2012 and now operates domestic flights to Kilimanjaro, Mbeya, and Mwanza, as well as international routes to Lusaka in Zambia and Harare in Zimbabwe. Fastjet Zimbabwe launched in October 2015 and now flies domestically from Harare to Victoria Falls, and internationally to Johannesburg in South Africa. Together, the airlines have flown >2.5 million passengers.



October 2019: Fastjet Mozambique to suspend operations on October 26
Fastjet Mozambique, 1 of the few remaining Fastjet airlines, has announced plans to suspend flights at midnight on October 26 because of stiff competition.

Fleet:
(definitions)

Click below for photos:
FSJ-A319 - 2012-07
FSJ-A319 - 2012-10
FSJ-A319 - 2012-11
FSJ-A319 - 2012-12
FSJ-A319 - 2012-12-A
FSJ-A319-100 - 2014-01
FSJ-A319-2014-09

November 2019:

1 A319-100 (CFM56-5B), LEASED FOR FASTJET ZIMBABWE.

1 A319-100 (CFM56-5B) (3564, LZ-FBA), BULGARIA AIR (LZB) WET-LEASED FOR FASTJET ZIMBABWE OPERATIONS.

1 A319-111 (CFM56-5B5) (2176, /04 5H-FJA "VERONICA"), EX-(EZY), EX-(G-EZEF) VOLITO AVIATION LSD 2012-10, FOR FASTJET TANZANIA OPS. 156Y.

1 A319-112 (V2522-A5) (2891, 5H-FJG), EX-(F-WTDD), 2016-01. 145Y.

2 A319-112 (CFM565-5B6) (1068, /99 5H-FJB; 1145, /99 5H-FJC), EX-(F-GYFM & F-GYJM) FOR FASTJET TANZANIA OPERATIONS. 145Y.

1 A319-131 (V2522-A5) (2281, Z-FJE "CECIL THE LION"), EX-(5H-FJR) (ICBC) INTERNATIONAL LEASING CO, EX-(SAA), EX-(ZS-SFE), FOR FASTJET ZAMBIA OPERATIONS. TWO CLASS, 25C, 95Y.

2 DC-9-14 (JT8D-7B HK) (4-45711, /65 5Y-XXB; 19-45725, /65 5Y-XXA), EAST AFRICAN SAFARI AIR WET-LEASED 2004-03. 10C, 70Y.

0 ATR72-500 (PW127M), 826 & 949 SOLD TO ELIX ASSETS 7 LTD 2014-12. 12C, 54Y.

3 BOMBARDIER CRJ-100ER (CL-600-2B19) (CF34-3A1) (7011, /11 5H-ETG; 7042, /94 5Y-BXD; 7184, /97 5Y-BXC), AVMAX AIRCRAFT LEASING LEASED 2011-07. 50Y.

1 BOMBARDIER DHC-8-106 (PW120A) (253, /90 5Y-BUZ), AVMAX AIRCRAFT LEASING LEASED 2007-07. 37Y.

1 FOKKER F28-4000 FELLOWSHIP (SPEY 555-15P) (11229, /86 5Y-EEE), EAST AFRICAN SAFARI WET-LEASED 2007-06. 8C, 62Y.

2 BEECHCRAFT 1900C (PT6A-67D) (UC-088, /89 5Y-BSS; UE-118, /94 5Y-BTN), 19Y.

1 CESSNA GRAND CARAVAN 208B (PT6A-114A) (0525, /96 5Y-CAC), 9Y.

Management:
(definitions)

Click below for photos:
FSJ-1-Colin Child - 2016-02.jpg
FSJ-2-ED WINTER - 2012-12
FSJ-2-ED WINTER - 2013-01
FSJ-2-ED WINTER - 2013-03
FSJ-2-ED WINTER - 2013-10
FSJ-3-Captain Ed Lanca -2016-02.jpg
FSJ-4-RICHARD BODIN-2014-06
FSJ-5-Captain Joe Mparuri-C-2016-02.jpg

RASHID WALLY, FASTJET (FSJ) NON-EXECUTIVE CHAIRMAN, EX-MANGO (MGO)/(SAA) (2017-04).
Rashid spent 38 years in Information Technology (IT), where he held senior roles with (IBM) in Africa, Europe, the Middle East, SE Asia and Lenovo in Africa.

NICO BEZUIDENHOUT, INTERIM CHAIRMAN & CHIEF EXECUTIVE OFFICER (CEO), EX-MANGO (MGO) (2016-11).

COLIN CHILD, EXECUTIVE CHAIRMAN (2015-10).
Colin replaced Clive Carver who had held the role on an interim basis since April 1, 2015. He took up his role with effect from October 1, 2015, when Clive ceased his temporary duties and resumed his former duties as a non-executive director.



CLIVE CARVER, NON-EXECUTIVE DIRECTOR (2014-06) & INTERIM CHAIRMAN (2015-04).
Clive resumed his former duties as a Non-Executive Director in October 2015.

ED WINTER, CHIEF EXECUTIVE OFFICER (CEO) (2013-06).
Ed has over >40 years of airline experience spanning from the traditional full service model of (BOAC)/British Airways (BAB) through to one of the most successful low cost carriers (LCC)s, easyJet (EZY).

Ed started his aviation career as a pilot (FC) with (BOAC). He held a number of senior management positions within British Airways (BAB) including Chief Pilot and Head of Operations (BA) Regional, Chief Pilot London Gatwick and Chief Pilot Long haul Airplanes. He was a Founder Director & Chief Operating Officer (COO) of low cost carrier (LCC) Go Fly (GFL), and grew the airline profitably to operate 28 airplanes.

Following an (MBO) and the subsequent sale of (GFL) to easyJet (EZY), Ed had the role of Integration Director, whilst also acting as (CEO) of (GFL). Once the integration process at easyJet (EZY) was complete, Ed served as Chief Operating Officer (COO), steering the company through a period of rapid and profitable expansion, opening new bases across Europe and introducing Airbus airplanes. More recently, Ed served as Chief Executive Officer (CEO) of National Air Services (NAS) in Saudi Arabia.

30 SECOND INTERVIEW BY anna.aero


anna.aero: Currently you have 3 airplanes: Are they fully utilized?


aa: Any plans to add to the fleet in the next 2 years?
EW: Presently, we are taking all of our airplanes on operating leases, and with a plentiful supply at the moment, you can get an extra unit on-line in <2 months. This means we can tailor fleet growth to our network requirements. At this stage in our development, the last thing we need is a fixed flow of new airplanes arriving every few months. That will change when we are bigger, of course.




aa: Are there any other bases in other African nations planned? Ghana and Angola had been mooted in the past?


aa: Are there any plans to operate in the more liberal North Africa region as a way of extending the brand?
EW: I am sure that at some point in the future, our network will touch North Africa. For example, if we were operating from French-speaking nations like Senegal, it may make sense to link to French-speaking nations in North Africa.

aa: Are the bilateral issues faced in Africa, a challenge which can be overcome or a choke-hold on free development of air services?


aa: What happened with the 1time (1TA) acquisition?





aa: What percentage of your sales are direct? Do you foresee significant ancillary revenue streams?


aa: We have heard that the UK government is likely to subsidize a (PSO) route from St Helena to Cape Town and possibly Ascension Island, when the airport opens in 2016. Do you fancy that?


KYLE HAYWOOD, (CEO) SOUTH AFRICAN OPERATIONS, EX-(AUN)/(BAB)/(EHD)/(ABZ)/(GUL) (2013-04).


MICHAEL MULLER, CHIEF FINANCIAL OFFICER (CFO) (2017-04).


MS LISA MITCHELL , CHIEF FINANCIAL OFFICER, RESGNED 2017-04).
(ANGUS SAUNDERS, WAS EARLIER CHIEF FINANCIAL OFFICER (CFO)?).

RICHARD BODIN, CHIEF COMMERCIAL OFFICER (CCO), ALSO CHIEF OPERATIONS OFFICER (COO) ON A "TEMPORARY BASIS" IN 2016-03.

ED LANCA, DIRECTOR FLIGHT OPERATIONS.

CAPTAIN JOE MPARURI, CHIEF PILOT.

MS KRISTA BATES, DIRECTOR & GROUP GENERAL COUNSEL (2014-06).

JIMMY KIBATI, GENERAL MANAGER EAST AFRICA.

MS JEAN UKU, COMMERCIAL MANAGER TANZANIA.

 
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