Share Name Share Symbol Market Type Share ISIN Share Description
Fastjet LSE:FJET London Ordinary Share GB00BWGCH354 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 21.75p 21.50p 22.00p 21.75p 21.75p 21.75p 983 07:53:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 55.5 -53.4 -70.5 - 73.05

Fastjet Share Discussion Threads

Showing 17201 to 17223 of 17225 messages
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DateSubjectAuthorDiscuss
16/10/2017
17:58
Witnessing the birth of an airline... after several stalled attempts http://www.chronicle.co.zw/fastjet-enters-moza-market/
jimmyloser
13/10/2017
07:22
https://wolfganghthome.wordpress.com/2017/10/13/solenta-aviation-set-to-become-fastjets-dominant-shareholder/
jimmyloser
12/10/2017
07:11
Dar es Salaam.11/10/2017 Fastjet’s first Embraer E190 is arriving this week as the budget airline minimizes costs to operate profitably, the company has announced. “The new, modern aircraft arrives in Tanzania this week and will await regulatory approvals after which its launch flight will take place,” the airline said in a statement yesterday. The Embraer E190 replaces the Airbus A319 which has now gone out of service. The second Embraer E190 is expected toward mid-November. Fastjet believes that switching to a small aircraft, which uses less fuel and has a better maintenance interval, was a key part of the airline’s turnaround strategy. The company announced last year that it would sell its wholly-owned Airbus A319 as part of important step in stabilization plan and a move towards a more appropriate size of fleet. The Embraer E190 jet is a modern aircraft which is able to fly at high altitude for greater efficiency and passenger comfort. He said Fastjet was committed to simplifying air travel by making it easy for customers to access low fares. In-between the first flight of the new aircraft and the exit of the old, Fastjet will be flying an interim schedule that impacts flights between Mbeya and Dar es Salaam. In addition, Fastjet has also launched a plan to greatly improve its customer service.
jimmyloser
09/10/2017
21:48
The birth of an airline....to be continued.. From Professor Thomes blog: FASTJET TANZANIA BIDS FAREWELL TO THEIR LAST #AIRBUS #A319 AS FIRST EMBRAER JOINS FLEET (Posted 09th October 2017) Fastjet Tanzania has confirmed that their last Airbus A319 will be leaving the fleet shortly, to be replaced with more cost effective and right sized Embraer E190 aircraft.The first of two Embraers is due to arrive in Tanzania this week while a sister ship is expected by mid November this year. Due to the phasing out of the A319 will a provisional schedule be operated until both Embraer aircraft are flying. The departure of the A319 marks and end of an era as Fastjet commenced operations with this aircraft type and expanded the fleet in Tanzania and Zimbabwe to 5 such planes before eventually starting a phase out while procuring smaller aircraft, easier to fill and cheaper to fly. ‘We are really looking forward to welcoming the new Embraer E190 aircraft‘ said Fastjet Tanzania spokesperson Lucy Mbogoro before adding: ‘It is modern, comfortable and very reliable. As our new fleet rolls out along with our improved customer service plans, fastjet plans to remain Tanzania’s most punctual airline as well as fulfilling its ideal as the airline for everyone‘. Mbogoro also commented that Fastjet intends to reclaim its position as one of the continent’s most on-time airlines following the recent cancellations due to technical challenges. Part of Fastjet’s new customer service approach includes email surveys for suggestions and feedback from all passengers, improved Facebook, Twitter and Instagram response times as well as on-board and airport service standards. Said again Lucy Mbogoro: ‘It is important that we are there for our customers every step of the way. That we listen and engage. Our passengers in Tanzania are very important to us and the Asante Tanzania campaign is the first step for us in thanking everyone for five years of support, and for a future, together. While we have had to move our schedule around a little bit, with Mbeya flights unfortunately impacted for a couple of weeks, Tanzania has brand new jets to look forward to and the E190’s will be well worth the wait‘ said Mbogoro. Flights between Mbeya and Dar es Salaam are expected to resume at the end of October, operated by the new Embraer E190 aircraft, and timed with the full launch of Fastjet’s Asante Tanzania campaign and customer service refresh.
jimmyloser
05/10/2017
14:41
I think they can circumvent that in some cases, say another placing, rather than purchasing shares in the open market...
zcaprd7
05/10/2017
08:56
Ok thanks. I noticed Solenta stake rises to 29% after the placing which brings them close to the threshold where the can start a takeover??? When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
depester
04/10/2017
17:39
The birth of an airline.....to be continued http://www.bizcommunity.com/Article/196/373/168107.html
jimmyloser
04/10/2017
16:28
Indeed. They are turning it into the Nando's of African air travel...
zcaprd7
04/10/2017
15:42
Everything here is interesting as I see it. We are witnessing the birth of airline impo
jimmyloser
04/10/2017
15:22
Interesting how they bought the fastjet rights form Stelios, and are now licensing them on, effectively?
zcaprd7
04/10/2017
15:21
Pretty standard legalise I think.South African holding company maybe required, so a South African national is a majority shareholder, to prevent colonial plundering of natural resources (and to allow government officials to make out)...
zcaprd7
03/10/2017
14:28
Hello all, I have to admit to be quite confused reading the circular posted today on the fastjet website especially the deal with Fedair. I understand the deal with Solenta on entering Mozambique using their AOC because Solenta is a large shareholder (20% ???) and leases all or most aircraft to fastjet (there is clear mutual benefit). But the deal with Fedair is slightly more complex. As I understand so far fastjet enters into an agreement with Fedair to use Fedair's established network in South Africa for further expansion and fastjet gives them a loan of 90 million ZAR (6.6 million USD) via a third party to do so. In return fastjet is allowed to appoint one director to the Fedair board and not only receives royalty income but is also allowed to buy some (how many?) or all of Fedair's shares for a guaranteed buy price (the 4 million USD call option). Is this correct? If so why is this done through a third party called Parrot aviation in which fastjet has only a 25% equity stake and one of their directors has a 75% equity stake? Any comments to shed some light are welcome. What I didn't like about the circular was that the following lines about the fundraising were placed at the start of the document without explaining the clear benefits of the planned expansion activities first: The Fundraising is conditional upon, inter alia, the approval by Shareholders of the Authorising Resolution which will be sought at the General Meeting to be held at 10.00 a.m. on 18 October 2017. If Shareholder approval of the Authorising Resolution is not passed, the Fundraising will not proceed and the Group is at the risk of not being able to continue trading as a going concern. If the Fundraising does not proceed and complete, and, in the absence of the Group being able to successfully agree or implement any alternative funding, the Directors would seek to commence a process of placing the Group into administration. Under such circumstances, Shareholders could lose all or a substantial amount of the value of their investment in the Group. Accordingly, the Directors believe that the successful completion of the Fundraising represents the best option available to the Group. It is surely not necessary to treat all big investors that have been very supportive so far with words like that. Otherwise the recently reported promise of being profitable in Tanzania and achieving break even in Q4 doesn't give me much confidence. I hope that this is only a small misjudgement by a management team being very busy executing their ambitious growth plan...
depester
02/10/2017
11:10
Cheers Jimmy All looks to be going in the right direction Regards.....Kazz
kazz
02/10/2017
10:59
http://www.bizcommunity.com/Article/196/373/168079.html
jimmyloser
30/9/2017
10:19
Placing at 16.3p last time. 20p this time. Market reacted well. Solenta nearly at 30% ownership...
zcaprd7
29/9/2017
15:36
http://www.breakingtravelnews.com/news/article/fastjet-launches-flights-to-victoria-falls-and-mozambique/
jimmyloser
29/9/2017
14:52
https://www.bloomberg.com/news/articles/2017-09-29/fastjet-plans-mozambique-south-africa-units-as-losses-shrink
jimmyloser
29/9/2017
11:07
Hell get his reward. 5% by the look of it.More money needed, but this was a in dire straits 12 months ago...
zcaprd7
29/9/2017
10:03
I agree, I think that this will move up steadily over the coming weeks and months as they start the release of news. It is heartening to see a CEO do as much as our man Nico do in such a short time. impo/dyor
jimmyloser
29/9/2017
09:58
Not bad, must be worth a punt now.
dodge city
21/9/2017
19:38
No price movement. Perhaps shifting deckchairs?
wageslave
21/9/2017
16:35
Big sales today, looks like someone has got wind of bad news.
dodge city
11/9/2017
17:05
Excellent and thoughtful analysis...
zcaprd7
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P:42 V: D:20171017 13:29:33