Fastjet PLC fastjet launches new route to Malawi (5729R)

TIDMFJET

RNS Number : 5729R

Fastjet PLC

30 June 2015

fastjet Plc

(fastjet or the Company)

fastjet launches new route to Malawi

30 June 2015

fastjet, Africa's low-cost airline, is pleased to announce it has been granted a Foreign Operators Permit from the Malawian authorities to commence flights between Dar es Salaam in Tanzania and Lilongwe, capital of Malawi. The new route will be put on sale from today and operations commence in July.

Initially operating twice weekly on Mondays and Fridays, fastjet is confident that, in line with its other routes, it will grow in frequency quickly.

fastjet's lowest fare will be $50 plus government taxes.

The new route is fastjet's sixth international destination in Africa.

Commenting on the launch, fastjet CEO Ed Winter said: "Whilst we are directing much of our efforts to prepare for the planned launch of the fastjet Zimbabwe and fastjet Zambia airlines, we continue to work hard on growing our Tanzanian network. This significant step links two thriving commercial centres and provides the population of both countries with an affordable and reliable air services. Our lowest international fare of $50, available to early bookers, is expected to l ensure strong demand.

The recent growth of Tanzanian domestic operations and this new route will increase our aircraft utilisation and further support the business case for an additional aircraft in the Tanzanian fleet."

For more information, contact:

 
 UK media - Citigate Dewe Rogerson        Tel: [phone] 
 Angharad Couch 
 Toby Moore 
 Nick Hayns 
 
 South African media - Tribeca Public     Tel: [phone] 
  Relations 
 Cian Mac Eochaidh 
 Kelly Webster 
 
 For investor enquiries please contact: 
 
 W.H. Ireland Ltd.- Nominated Adviser      Tel: [phone] 
  and Joint Broker 
 James Joyce 
 Mark Leonard 
 
 Liberum Capital Limited - Joint Broker   Tel: [phone] 
 Clayton Bush 
 Christopher Britton 
 

NOTES TO EDITORS

About fastjet Plc

fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. The airline introduced Airbus A319s into its fleet. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline. fastjet Plc is also the holding company of Fly540 Angola where operations are currently suspended.

The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet and the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London.

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

For more information see www.fastjet.com

This information is provided by RNS

The company news service from the London Stock Exchange

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