fastjet granted Air Service Licence in Kenya

RNS Number : 8873B

Fastjet PLC

12 October 2015

 

fastjet Plc

("fastjet" or the "Company")

12th October 2015

fastjet granted Air Service Licence in Kenya

fastjet (AIM:FJET), Africa's low-cost airline, is pleased to announce that fastjet Kenya Ltd has been granted an Air Service Licence (ASL) by the Kenya Civil Aviation Authority (KCAA). The granting of the ASL clears the way for fastjet Kenya to commence the application process for an Air Operator Certificate (AOC) which, once received, will allow the airline to operate domestic flights within Kenya. 

The AOC application process will involve an in depth review of fastjet Kenya's planned safety management system, operational manuals and structures, its senior staff, fleet, maintenance facilities and technical capability. An early stage of the process includes agreeing a timetable for the application process with the KCAA.

Commenting on this significant development, fastjet Chief Executive Officer Ed Winter said: "The granting of the Kenya ASL is a major step forward in fastjet's plans to become a truly pan-African low-cost airline.  Following recently announced progress towards the Zambia AOC and the receipt of our AOC in Zimbabwe last week, today's announcement signals a very substantial acceleration in the development of the fastjet network and our future growth plans.

"We are very pleased that the Kenyan Civil Aviation Authority has recognised the important part that we can play in developing Kenyan aviation.  We very much look forward to working with the KCAA towards fastjet Kenya's first flights."

For more information, contact:

UK media - Citigate Dewe Rogerson	Tel: [phone]
Angharad Couch
Eleni Menikou
Nick Hayns
South African media - Tribeca Public Relations	Tel:  [phone]
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:

Liberum Capital Limited - Nominated Adviser and Joint Broker	Tel:  [phone]
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Broker	Tel: [phone]
James Joyce
Mark Leonard
Sanlam Securities UK Limited - Joint Broker	Tel:  [phone]
Simon Clements/Ken Williams

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. 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. Utilising its fleet of Airbus A319s, 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.

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, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.

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

For more information see www.fastjet.com.

 

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