Fastjet (LON:FJET) aim is to eventually ferry 12 million passengers between cities in Africa using the low-cost blueprint patented in Europe – an undertaking that would require a 40 strong fleet, but which would create a US$1 billion turnover business. Africa's aviation industry is valued at an annual $56bn (£35.7bn) but is known for a poor safety record and unreliability. Fastjet aims to set a european standard for Africa and bring air travel into the budgets of every african.The company has licences to operate from hubs in Ghana, Kenya, Tanzania and Angola.
The driving force behind Fastjet is easyjet founder Sir Stelios Haji-Ioannou, who along with other former easyjet executives have spotted great potential in aviation,s last " frontier territory ".
Fastjet will be run by an experienced aviation team led by Ed Winter, former Chief Operating Officer at easyJet and founding director of low-cost airline Go, Chief Commercial Officer Richard Bodin, former Contracts Director at easyJet and Business Director of low-cost airline Jet2.com, Operations Director Rob Bishton, former Chief Pilot & Head of Aircraft Operations at easyJet and General Manager of Africa Kyle Haywood, former Chief Executive of Air Uganda.
Latest News : 22nd November 2012
Fastjet has announced that, ahead of flight operations scheduled for next week, its first branded Airbus A319 has arrived at its base in Dar es Salaam, Tanzania.
Full approval to operate the aircraft has been granted to the African low-cost carrier by the Tanzanian Civil Aviation Authority. Two more fastjet-branded A319s are planned to be en route early next week, to be in Dar es Salaam in time for the airline’s first flight, scheduled for Thursday 29th November.
Fastjet’s team of 35 pilots, 65 cabin crew and seven maintenance specialists are already on the ground actively preparing for launch.In a little over a week since tickets went on sale, fastjet has already taken over 8,000 bookings on the first two routes; enough to fill over 60 A319s.
The fastjet.com web site received over 20,000 hits in its first four days and the mobile site is now live.Commenting on the significant progress, fastjet chairman David Lenigas said: “As expected, plans for fastjet’s official launch of operations are moving ahead right on schedule and we are delighted with the level of interest so far.“Demand for seats is high and we are in great shape to start flying next week. We are delighted to have such a solid foundation to build upon.”
Further to the Company’s announcement on July 24th 2012, fastjet has now formally entered into the £5 million Equity Financing Facility with Darwin Strategic, the majority owned subsidiary of Henderson Global Investors’ Alphagen Volantis fund.The EFF covers a three year period.