fastjet granted Zimbabwe AOC

RNS Number : 4587B

Fastjet PLC

07 October 2015

 

fastjet Plc

("fastjet" or the "Company")

7 October 2015

fastjet granted Air Operator Certificate in Zimbabwe

fastjet (AIM:FJET), Africa's low-cost airline, is pleased to announce that it was yesterday granted an Air Operator Certificate (AOC) by the Civil Aviation Authority of Zimbabwe (CAAZ). The AOC designates fastjet Zimbabwe Limited as a Zimbabwean airline licenced to operate both domestic and international routes within and from Zimbabwe. fastjet Zimbabwe is now the second airline in the fastjet network.

fastjet Zimbabwe obtained its Air Service Licence in March 2015 and has since been working with CAAZ to obtain the AOC, which was granted yesterday. The process involved an in depth review of fastjet Zimbabwe's safety management system, operational manuals and structures, its senior staff, its fleet, maintenance facilities and technical capability.

The government will now designate fastjet Zimbabwe as a Zimbabwean airline on international routes to a number of East and Southern African countries.

fastjet Zimbabwe plans to expand rapidly, creating a comprehensive network of domestic and regional destinations.

Seats will be put on sale today 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.

Commenting, fastjet Chief Executive Officer Ed Winter 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."

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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