logo-loader
viewFastjet PLC

fastjet starts flights from Zimbabwe after licence award

Seats have gone on sale immediately for the first fastjet Zimbabwe route.

fastjet.png
Fares start at $20 exclusive of taxes for a one way flight.

Fastjet (LON:FJET), has been granted an Air Operator Certificate (AOC) in Zimbabwe, clearing the way for the low cost carrier to open a second base in Africa.

Fastjet Zimbabwe can now fly domestic and international routes within and from Zimbabwe and will be designated a Zimbabwean airline on international routes to a number of east and southern African countries.

Seats have gone on sale immediately for the first Fastjet Zimbabwe route, linking Harare to Victoria Falls initially three times a week.

Fares start at $20 exclusive of taxes for a one way flight.

Ed Winter, chief executive, said: "Adding a second Fastjet airline to our network is an incredibly significant milestone on our path to becoming the most successful pan African low cost airline. 

"We recognised the real potential in Zimbabwe some time ago and have been working hard together with the relevant authorities towards this momentous day. With their support we are now in a position to launch our Zimbabwean operation.   

"In Tanzania we have become the airline of choice, with an enviable operational reputation and market leading fares. I am confident that, with our proven low-cost model, we can replicate this success in Zimbabwe."

Broker Sanlam added that opening of new bases is at the heart of the group’s investment case.

Fastjet has been successful in stimulating traffic, with low fares in Tanzania and we expect this to be replicated in Zimbabwe.”

Quick facts: Fastjet PLC

Price: 0.0425 GBX

AIM:FJET
Market: AIM
Market Cap: £1.62 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Alpine 4 Technologies growth continues in Q-1 of 2020 with a nice jump in...

Alpine 4 Technologies (OTC: ALPP) CEO Kent Wilson joined Steve Darling from Proactive Vancouver to share news about the company’s 1st Quarter financial numbers that some very good growth. Wilson shares the numbers and some of the highlights. Wilson also talked about the company’s strategy when...

11 hours, 3 minutes ago

2 min read