fastjet Fleet Expansion

RNS Number : 2296X

Fastjet PLC

27 August 2015

 

fastjet Plc

("fastjet" or the "Company")

27 August 2015

fastjet Fleet Expansion - Lease Signed for 5^th Aircraft

fastjet (AIM:FJET), Africa's low-cost airline, has signed an operating lease with SMBC Aviation Capital Limited (SMBC) for an Airbus A319 aircraft. This aircraft was originally announced on 10 July 2015 when the LOI was signed and will become the fifth aircraft in the fastjet fleet.

The aircraft will commence commercial services in Tanzania on 1 September, serving to expand the network in the region. This will include increasing the Dar es Salaam to Johannesburg route to a daily service.

Ed Winter, Chief Executive Officer of fastjet, commented: "Having reached our target figure for utilisation of our existing Tanzanian fleet, we are delighted to introduce an additional aircraft into Tanzania to satisfy the growing demand for our low-cost flights."

On 26 August 2015, fastjet announced  it had signed a Letter of Intent (LOI) for the purchase of an Airbus A319 aircraft, planned for operation in Zambia. This aircraft will be the sixth aircraft in the fastjet fleet.

For more information, contact:

UK media - Citigate Dewe Rogerson	Tel: [phone]
Angharad Couch
Toby Moore
Nick Hayns
South African media - Tribeca Public Relations	Tel:  [phone]
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:
W.H. Ireland Ltd.- Nominated Adviser and Joint Broker	Tel: [phone]
James Joyce
Mark Leonard
Liberum Capital Limited - Joint Broker	Tel:  [phone]
Clayton Bush
Christopher Britton

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. The airline introduced Airbus A319s into its fleet.  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. 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. fastjet Plc is also the holding company of Fly540 Angola where operations are currently suspended.

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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