Fastjet PLC

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Market Cap:
£54.16 m
52 weeks high
52 weeks low

Viewing results 1-25 of 225

Industry & services

Fastjet descends as CEO takes off

The low-cost carrier said Nico Bezuidenhout would leave the firm at the end of September...

on 07/02/2019
Industry & services

Fastjet expecting to squeeze out small underlying profit this year

"Rightsizing" measures and a significantly stronger balance sheet have prepared the foundations for improved overall performance through 2019...

on 04/23/2019
Industry & services

Fastjet names seconded deputy Kris Jaganah as its group chief financial officer to replace Michael Muller

The AIM-listed group said Jaganah had been seconded to fastjet in the role of deputy chief financial officer since October 2018, and added that Muller remained in his role until the end of March 2019...

on 04/05/2019
Industry & services

fastjet CFO to resign next March

The company said it was now searching for a new CFO and anticipated that there would be “an adequate handover period” as the position changed hands...

on 12/28/2018

The AIM blunder stocks of 2018

We've looked at the AIM stocks that did wonderfully well in 2018 but into each life a little rain must fall so it is time to look at those stocks where the roof fell in...

on 12/27/2018
Industry & services

fastjet shares nosedive as it warns it could go bust by the end of the month

It is not the first time fastjet has said it needs more money, but it remains to be seen if lenders will be willing step up once again...

on 11/09/2018
Industry & services

fastjet says it needs fresh funding to keep flying as shares plummet

On top of its funding woes, the African carrier reported a widening operating loss and said it may exit the Tanzanian market...

on 09/26/2018
Industry & services

fastjet warns it could go bust if it can’t raise fresh cash

The troubled low-cost African airline said it is going through a “quieter” period of trading which has put pressure on its cash balances ...

on 06/27/2018
Industry & services

fastjet shares weak after cautious trading update; Liberum Capital cuts price target

The AIM-listed firm announced its intention to exercise its option to purchase three ATR 72-600 (ATR) turbo-prop aircraft and the entering into of a US$12mln loan agreement with Solenta Aviation Holdings Limited...

on 04/05/2018
Industry & services

Fastjet on steadier footing after retrenchment says chief executive

Revenues rose by 5% to US$68.5mln in 2016, with passenger numbers also up slightly ...

on 05/30/2017
Industry & services

Fastjet making headway with ‘stabilisation plan’ as it strengthens board

The low-cost airline has appointed a new non-executive chairman, non-executive director and chief financial officer...

on 03/24/2017
Industry & services

Fastjet is raising more capital

Interim chief executive Nico Bezuidenhout told investors that these arrangements will allow the company to finalise its stabilisation plan....

on 01/05/2017
Industry & services

Fastjet shares fly lower as stabilisation plan costs bite

Efforts to reduce costs are working but the firm needs to raise money in the near term...

on 11/25/2016
Industry & services

Fastjet sells Airbus to raise US$8mln

The buyer, Avtrade Limited, will pay US$8mln cash with a 10% deposit payable ...

on 10/03/2016
Industry & services

Fastjet retrenches after tough six months

The current fleet of five Airbus 319s is to be replaced by three smaller aircraft ...

on 09/20/2016
Industry & services

Fastjet brings in just £162,754 from open offer

It proposed a placing to raise £15mln at 50p a share and an open offer to bring in up to around £4.2mln. ...

on 08/08/2016
Industry & services

Fastjet raises £19.2mln to fund shake-up

FastJet is generating £19.2mln through a placing and open offer of new shares at 50p apiece...

on 07/21/2016
Industry & services

Fastjet's new chief oversees review and plans fund raise

The no-frills carrier recently appointed ex- Mango Airlines’ boss Nico Bezuidenhout as its new chief executive....

on 06/28/2016
Industry & services

Fastjet non-executive director urges shareholders to reject easyGroup resolution

Some pundits suspect Haji-Ioannou is trying to talk down the price so he can buy the company on the cheap...

on 06/16/2016
Industry & services

Fastjet nabs Mango boss as new chief executive

Nico Bezuidenhout will take up his new job on 1 August having been in charge of South African Airways' low cost carrier Mango for the past ten years....

on 06/09/2016
Industry & services

fastjet on firmer financial footing, says chairman

"Despite the challenges faced in 2015, we are starting to see the benefits of our short term actions and remain confident in our long term strategy where the need for low cost pan-African air travel is evident,” Colin Child told investors....

on 06/02/2016
Industry & services

Fastjet delays Zambia licence application

In March, the airline warned that trading was difficult and it was rationalising its route network ...

on 04/14/2016
Industry & services

Fastjet PLC reveals more director changes

Africa-focused carrier fastjet PLC outlined more director changes... . ...

on 04/08/2016
Industry & services

Fastjet PLC faced by new accusations from Sir Stelios

EasyGroup has been a major backer of the African airline and currently has a 12.6% stake....

on 03/23/2016
Industry & services

Fastjet PLC, easyGroup director resigns from board

EasyGroup is the vehicle of Sir Stelios Haji-Ioannou, who founded no-frill airline easyjet....

on 03/18/2016