News Results for Fastjet (FJET)

  • 27 Jan
    08:41
    Fastjet holiday season performance meets expectations; funding talks continue

    Low-cost African airline Fastjet said it expected to have funds to continue trading until March, but warned of an uncertain future in the ensuing months should talks with investors over the sale of...

  • 27 Nov
    13:14
    Fastjet mulls Zimbabwe asset sale, equity raising to stay afloat

    Low-cost African airline Fastjet said it was considering raising equity or disposing of its Zimbabwe business to ease a cash crunch, as it forecast another annual loss. The company said revenue...

  • 21 Oct
    13:33
    Fastjet to suspend flight operations in Mozambique

    Budget carrier Fastjet said it would suspect flight operations in Mozambique from this coming Saturday. The suspension would include flights under a code-share arrangements with LAM Mozambique...

  • 10 Jun
    14:39
    Fastjet agrees to loan repayment and extension

    African carrier Fastjet said it would repay $1.25m to lender SSCG by the end of June. Annunaki, meanwhile, would refund ZWL 7.0m to fastjet Zimbabwe. It had also been agreed with Annunaki and...

  • 23 Apr
    08:19
    Fastjet narrows losses in Q1 despite adverse weather, weaker seasonal demand

    Low-cost African airline Fastjet reported annual wider losses as it closed down its operations in Tanzania, but losses were narrowed in the first quarter of 2019 as cost cuts helped offset the...

  • 05 Apr
    08:24
    Fastjet appoints Kris Jaganah as Chief Financial Officer

    Fastjet said it had appointed Kris Jaganah as Chief Financial Officer following the resignation of Michael Muller at the end of March. Mr Jaganah, 39, had been seconded to fastjet in the role of...

  • 01 Mar
    14:06
    Fastjet extends terms of loan agreements with Annunaki, SSCG

    Africa-focused budget carrier Fastjet said it had extended the terms of its unsecured loan agreements with Annunaki Investments and SSCG Africa Holdings. The company said the loans had been...

  • 26 Sep
    13:22
    Fastjet losses widen; seeks new funding to stay afloat

    African budget carrier Fastjet raised doubts about its ability to stay afloat and said it was considering ceasing its operations in Tanzania after it booked a deeper first-half net loss. Net...

  • 29 Jun
    17:00
    Stronger pound fails to hold FTSE back

    The FTSE 100 remained on the front foot despite a stronger pound after UK economic growth in the first quarter of 2018 was higher than expected at 0.2%. Miners kept up their strong performance...

  • 29 Jun
    11:54
    FTSE rises on robust miners and upbeat trading in Asia

    Strong trading in Asia and a bounce back among miners helped the FTSE 100 climb 0.8% to 7,680 around midday. Miner BHP Billiton (BLT) agreed to fund $211m to support the Renova Foundation, which...

  • 29 Jun
    09:10
    UK stocks open 1.1% higher after China market rebound

    UK stocks opened substantially stronger on Friday after a rebound in Shanghai helped drive Asian markets higher, and European leaders struck a deal on migration. At 0859 GMT, the benchmark FTSE...

  • 29 Jun
    08:13
    Fastjet trims annual losses; launches $10m equity raising to fend off liquidation

    African budget airline Fastjet trimmed losses in the year through December as costs fell 46% but revenue slumped 32.6% amid a fall in passenger numbers. The company also announced it would tap...

  • 27 Jun
    14:03
    African airline Fastjet warns of insolvency if it can't raise equity

    African airline Fastjet warned it may not be able to remain solvent, and would be suspended from trading on AIM, if could not raise more money. The company said it was currently in active...

  • 05 Apr
    08:10
    Broker Forecast - Liberum Capital issues a broker note on Fastjet PLC

    Liberum Capital today reaffirms its buy investment rating on Fastjet PLC (LON:FJET) and cut its price target to 22p (from 25p). Story provided by StockMarketWire.com Broker Forecasts data...

  • 23 Oct
    08:30
    Broker Forecast - Liberum Capital issues a broker note on Fastjet PLC

    Liberum Capital today reaffirms its buy investment rating on Fastjet PLC (LON:FJET) and set its price target at 25p. Story provided by StockMarketWire.com

  • 29 Aug
    07:59
    fastjet makes payment to easyGroup for IP rights

    fastjet has confirmed it has made the payment to easyGroup Holdings Ltd in connection with the acquisition of all intellectual property rights associated with the fastjet brand. Story...

  • 29 Aug
    07:10
    FLASH: fastjet makes payment to easyGroup for IP rights

    Story provided by StockMarketWire.com

  • 03 Jul
    08:58
    fastjet resolutions passed at AGM

    fastjet has confirmed that all resolutions proposed at its annual general meeting on Friday were passed. At 8:58am: (LON:FJET) Fastjet PLC share price was 0p at 19.5p Story provided by...

  • 30 Jun
    07:47
    fastjet sees progress on stabilisation

    Low-cost African airline fastjet has made steady progress in implementing stabilisation efforts, an update issued ahead of today's annual general meeting said. The group said these efforts...

  • 30 Jun
    07:10
    FLASH: fastjet sees progress on stabilisation

    Story provided by StockMarketWire.com

  • 30 May
    07:29
    fastjet operating losses widen

    Operating losses at low-cost African airline fastjet rose to $63.9m in the year to the end of December - uop from $37.9m last time. The group reported a loss after tax of US$48.0m (2015: loss...

  • 30 May
    07:12
    FLASH: fastjet operating losses widen

    Story provided by StockMarketWire.com

  • 24 Apr
    14:33
    fastjet changes registered office

    fastjet has announced that the Company has changed its registered office to 6th Floor, 60 Gracechurch Street, London, EC3V 0HR. At 2:32pm: (LON:FJET) Fastjet PLC share price was 0p at 16.75p...

  • 21 Apr
    08:50
    fastjet warrants exercised

    Africa low-cost airline fastjet has issued 2 new ordinary shares following the exercise of shareholder warrants at 31.5p apiece. At 8:50am: (LON:FJET) Fastjet PLC share price was 0p at 16.75p...

  • 24 Jan
    12:20
    Director Deals - Fastjet PLC (FJET)

    Nico Bezuidenhout, Chief Executive Officer, 124,522 shares in the company on the 24th January 2017 at a price of 16.30p. The Director now holds 124,522 shares. NOTE: Subscription Story provided...

  • 05 Jan
    09:54
    fastjet to raise at least $48m

    fastjet is raising at least $48m through a proposed placing and an agreement with Solenta Aviation, a specialist African commercial aviation group based in Johannesburg. fastjet has entered in to...

  • 25 Nov
    14:16
    FTSE 250 down despite UK growth

    The FTSE 250 fell 0.2% to 17,559 despite the second estimate of third quarter GDP showing the UK economy growing by 0.5%, while the blue chip index was flat. The Office for National Statistics...

  • 25 Nov
    07:34
    fastjet chairman quits as it plans new fundraising

    Africa low-cost airline fastjet's chairman Colin Child has resigned after the company confirmed it needed to raise further capital and expected to initiate a fundraising exercise which it plans to...

  • 25 Nov
    07:11
    FLASH: fastjet needs to raise further capital

    Story provided by StockMarketWire.com

  • 04 Nov
    09:22
    fastjet warrants exercised

    fastjet, Africa's low-cost airline, has issued 421 new ordinary shares following the exercise of shareholder warrants at 31.5 pence each. At 9:22am: (LON:FJET) Fastjet PLC share price was 0p at...

  • 28 Oct
    07:36
    fastjet warrants exercised

    fastjet, Africa's low-cost airline, has issued 2,258 new ordinary shares following the exercise of shareholder warrants at 31.5p apiece. Story provided by StockMarketWire.com

  • 03 Oct
    08:05
    fastjet sells aircraft

    fastjet has agreed the sale of its sole owned Airbus A319 with Avtrade Limited for $8.0 million in cash with a 10% deposit payable on signature of the agreement and the balance on delivery....

  • 03 Oct
    07:03
    FLASH: fastjet gives operational fleet update

    Story provided by StockMarketWire.com

  • 29 Sep
    10:40
    Broker Forecast - Liberum Capital issues a broker note on Fastjet PLC

    Liberum Capital today reaffirms its hold investment rating on Fastjet PLC (LON:FJET) and set its price target at 23p. Story provided by StockMarketWire.com

  • 20 Sep
    07:43
    fastjet operating losses widen

    Low-cost African airline fastjet's operating losses from continuing activities rose to $31.0m in the six months to the end of June - up from $12.8m last time. Revenues rose to $33.1m from $31.5m...

  • 20 Sep
    07:09
    FLASH: fastjet operating losses widen

    Story provided by StockMarketWire.com

  • 27 Jul
    16:50
    Director Deals - Fastjet PLC (FJET)

    Richard Bodin, Director, sold 51,250 shares in the company on the 27th July 2016 at a price of 26.50p. Story provided by StockMarketWire.com Director deals data provided by...

  • 28 Jun
    07:26
    fastjet passenger numbers lower than expected

    fastjet's trading environment remains challenging and although the yield per passenger continues to improve from its low point in October passenger numbers remain lower than expected, shareholders...

  • 28 Jun
    07:06
    FLASH: fastjet trading environment remains challenging

    Story provided by StockMarketWire.com

  • 16 Jun
    08:39
    fastjet GM letter to shareholders

    fastjet, the low-cost African airline, has written to shareholders in relation to the resolution to be proposed at the general meeting on 28 June. The purpose of the letter is to set out the...

  • 16 Jun
    07:09
    FLASH: fastjet GM letter to shareholders

    Story provided by StockMarketWire.com

  • 09 Jun
    07:46
    fastjet search for CEO 'well advanced'

    fastjet has noted press speculation about being in discussions over a possible chief executive appointment. The company confirms that the search for a new CEO is well advanced and a further...

  • 03 Jun
    15:49
    fastjet schedules AGM

    fastjet, the low-cost African airline, will hold its annual general meeting in the Lingfield Suite, Hilton London, Gatwick Airport, South Terminal, RH6 OLL, on 28 June at 10.00 a.m. The AGM will...

  • 02 Jun
    17:16
    FTSE stable despite OPEC failing to reach new deal

    The FTSE 100 remained stable despite lower oil prices and the Organisation of Petroleum Exporting Countries (OPEC) failing to reach a deal concerning a new output ceiling. The FTSE 100 closed...

  • 02 Jun
    12:09
    FTSE rebounds after oil price recovery

    The FTSE 100 rebounded as oil prices recovered ahead of the European Central Bank's latest policy decision and the Organisation of the Petroleum Exporting Countries (OPEC) meeting. The FTSE 100...

  • 02 Jun
    08:55
    FTSE cautiously mixed ahead of OPEC, ECB

    London stocks were mixed in early deals, albeit cautiously, as traders look ahead to today's OPEC meeting, a European Central Bank press conference and more US data. Key European indices were...

  • 02 Jun
    08:21
    fastjet losses narrow

    Low-cost African airline fastjet posts an after-tax loss of $16.9m for the year to the end of December - down from $58.5m last time. Revenues rose to $65.1m from $53.8m and operating losses from...

  • 29 Apr
    14:42
    fastjet terminates lease on A319 aircraft

    fastjet has agreed the early termination of the lease on one of its A319 aircraft. The aircraft, which was scheduled to come to the end of its lease term in October, will come out of service...

  • 14 Apr
    13:04
    fastjet delays Zambia AOC application

    fastjet has decided to delay its application for a Zambian air operator certificate to the fourth quarter of this year pending further review of the network. fastjet Tanzania will continue to...

  • 14 Apr
    07:19
    Fastjet posts operational update

    Story provided by StockMarketWire.com

  • 08 Apr
    08:09
    fastjet unveils board changes

    fastjet non-executive director Bryan Collings has resigned from the board with immediate effect. The company had announced in December that Collings and Robert Burnham would not be standing for...

  • 30 Mar
    14:06
    fastjet rejects easyGroup claims of licence breaches

    fastjet has issued a formal response to easyGroup and rejects claims that the airline has breached a brand licence agreement. easyGroup made public a letter it sent to fastjet about the breaches...

  • 24 Mar
    08:13
    fastjet takes legal advice on easyGroup letter

    fastjet is taking legal advice over a letter it received from easyGroup on Tuesday about the brand licence agreement, which easyGroup made public on the same day. The letter alleges that there...

  • 24 Mar
    07:06
    FLASH: fastjet responds to easyGroup letter

    Story provided by StockMarketWire.com

  • 23 Mar
    07:43
    fastjet responds to new easyGroup letter

    fastjet's board has noted that easyGroup Holdings Ltd made public yesterday a letter dated 22 March which it has sent to fastjet relating to the brand licence agreement in place with the company....

  • 23 Mar
    07:10
    FLASH: fastjet responds to new easyGroup letter

    Story provided by StockMarketWire.com

  • 18 Mar
    17:06
    FTSE mixed as traders take pause; resources dip

    London stocks chimed in the closing bell on a mixed note -- blue chips down and mid caps up -- as traders took pause to reflect on a busy week of interest-rate calls and the UK Budget. Resources...

  • 18 Mar
    15:42
    fastjet director resigns

    fastjet has announced that Tim Ingram, easyGroup Holdings Ltd's representative on the board of fastjet, has resigned with immediate effect. Non-executive chairman Colin Child said: "The board has...

  • 18 Mar
    08:44
    FTSE mixed as traders pause after frentic week

    London stocks were cautiously mixed in early deals -- the blue chip up a whisker and the mid cap down a wafer -- as traders took pause after a frenetic week of interest-rate decisions and the UK...

  • 18 Mar
    07:46
    fastjet taking legal advice over easyGroup letter

    fastjet is taking legal advice over a public letter from easyGroup Holdings elating to its contractual relationship with the company fastjet says the board has noted that easyGroup chose...

  • 18 Mar
    07:08
    FLASH: fastjet responds to easyGroup letter

    Story provided by StockMarketWire.com

  • 14 Mar
    16:25
    fastjet unveils board changes

    fastjet chief executive Ed Winter has decided to step down from the role with effect from 18 March and will resign as a director of the company on the same date. General counsel Krista Bates has...

  • 08 Mar
    12:00
    Broker Forecast - Liberum Capital issues a broker note on Fastjet PLC

    Liberum Capital today downgrades its investment rating on Fastjet PLC (LON:FJET) to hold (from buy) and cut its price target to 45p (from 90p). Story provided by StockMarketWire.com

  • 07 Mar
    08:56
    FTSE mixed, sideways as profiteers target miners

    London shares were mixed and trading broadly sideways in early deals, the blue-chip index down a whisker and the mid-cap was up a jot. Miners ebbed on profit taking, despite metals-hungry China...

  • 07 Mar
    07:44
    fastjet to be materially below market forecasts

    Africa low-cost airline fastjet has warned that results for 2016 will be materially below market forecasts and the group no longer expects to be cash flow positive for the year. fastjet says it...

  • 07 Mar
    07:11
    FLASH: fastjet 'well positioned' for growth

    Story provided by StockMarketWire.com

  • 19 Jan
    07:43
    fastjet appoints CFO

    fastjet has appointed Lisa Mitchell as chief financial officer and executive director of the company with immediate effect. Currently working with the company on a consultancy basis, Mitchell was...

  • 19 Jan
    07:14
    FLASH: fastjet appoints CFO

    Story provided by StockMarketWire.com

  • 18 Jan
    16:28
    fastjet launches new routes from Zimbabwe

    fastjet, Africa's low-cost airline, has been granted permission by the authorities of South Africa and Zimbabwe to operate flights between Harare and Victoria Falls in Zimbabwe, and Johannesburg in...

  • 13 Jan
    08:20
    fastjet CEO to step down

    fastjet chief executive Ed Winter has decided to step down but will remain in post until a successor is appointed and stay on in an advisory capacity for an agreed period to assist with the...

  • 12 Jan
    07:42
    fastjet takes off in Kenya

    fastjet, Africa's low-cost airline, operated its first flights to Kenya yesterday, with planes taking off from Dar es Salaam and Kilimanjaro in Tanzania bound for Nairobi's Jomo Kenyatta...

  • 12 Jan
    07:15
    FLASH: fastjet takes off in Kenya

    Story provided by StockMarketWire.com

  • 22 Dec
    08:08
    fastjet revenues to be lower than anticipated

    Africa low-cost airline fastjet expects revenues for 2015 and 2016 to be lower than previously anticipated and it is taking steps to manage its operating costs and overheads, and fully align its...

  • 08 Dec
    09:16
    fastjet load factor falls

    fastjet operations carried a total of 62,843 passengers in November compared with 63,146 a year ago and the load factor for the month was 60%, down from 63% in October and 77% a year ago. fastjet...

  • 08 Dec
    07:17
    FLASH: fastjet load factor falls

    Story provided by StockMarketWire.com

  • 04 Dec
    08:34
    fastjet unveils board changes

    fastjet, Africa's low-cost airline, has unveiled changes to its board as the company prepares for the next phase in its development. Non-executive director Clive Carver will step down with...

  • 06 Nov
    11:40
    Director Deals - Fastjet PLC (FJET)

    Tim Ingram, Non Executive Director, bought 150,000 shares in the company on the 6th November 2015 at a price of 60.00p. The Director now holds 188,341 shares. Story provided by...

  • 04 Nov
    09:11
    fastjet load factor hit by Tanzania election

    fastjet operations carried a total of 73,758 passengers in October and achieved a load factor of 63%. The amount of seats offered across the network has grown by almost 14,000 compared to October...

  • 04 Nov
    07:13
    FLASH: fastjet load factor hit

    Story provided by StockMarketWire.com

  • 12 Oct
    07:22
    fastjet granted air service licence in Kenya

    fastjet Kenya has been granted an air service licence by the Kenya Civil Aviation Authority (KCAA). fastjet says the granting of the ASL clears the way for fastjet Kenya to start the application...

  • 12 Oct
    07:08
    FLASH: fastjet granted air service licence in Kenya

    Story provided by StockMarketWire.com

  • 08 Oct
    07:50
    fastjet and Emirates sign an interline agreement

    fastjet, Africa's low-cost airline, has signed a sales and distribution contract with Emirates, the world's largest airline by international traffic. The agreement that allows Emirates' passengers...

  • 08 Oct
    07:03
    FLASH: fastjet and Emirates sign an interline agreement

    Story provided by StockMarketWire.com

  • 07 Oct
    07:21
    fastjet granted Zimbabwe air operator certificate

    fastjet, Africa's low-cost airline, has been granted an air operator certificate ( by the Civil Aviation Authority of Zimbabwe. The AOC designates fastjet Zimbabwe Limited as a Zimbabwean airline...

  • 07 Oct
    07:06
    FLASH: fastjet granted Zimbabwe air operator certificate

    Story provided by StockMarketWire.com

  • 05 Oct
    08:05
    fastjet passenger figures up 33%

    fastjet operations in Tanzania carried a total of 76,595 passengers in September and achieved a load factor of 64%. Compared with the same month last year, the number of passengers carried has...

  • 05 Oct
    07:08
    FLASH: fastjet passenger figures jump

    Story provided by StockMarketWire.com

  • 29 Sep
    07:40
    New director at fastjet

    fastjet has announced the appointment of Tim Ingram as a non-executive director of the Company with immediate effect, to act as a representative of easyGroup Holdings which holds 9.89% of the...

  • 28 Sep
    07:39
    fastjet expands its fleet

    fastjet (AIM:FJET), Africa's low-cost airline, has taken delivery of its first owned aircraft. The aircraft, an Airbus A319, is the sixth in the fleet. Ed Winter, fastjet's CEO, commented:...

  • 14 Sep
    07:58
    fastjet appoints chairman

    fastjet has appointed Colin Child as non-executive chairman with effect from 1 October. Child, a chartered accountant, has extensive knowledge of international growth businesses and more than 20...

  • 08 Sep
    09:09
    fastjet record passenger figures

    Low-cost airline fastjet's operations in Tanzania carried a record 76,741 passengers in August. The load factor for August was 75%. fastjet said the increase in passengers was in part due to the...

  • 08 Sep
    07:20
    FLASH: fastjet record passenger figures

    Story provided by StockMarketWire.com

  • 26 Aug
    07:41
    fastjet inks LOI for Airbus A319

    Africa low-cost airline fastjet has signed a letter of intent for the purchase of an Airbus A319 aircraft. The aircraft is expected to be ready for operations by the end of September and is...

  • 26 Aug
    07:11
    FLASH: fastjet inks LOI for Airbus A319

    Story provided by StockMarketWire.com

  • 10 Aug
    07:30
    fastjet has record month

    fastjet's operations in Tanzania carried a record 71,763 passengers in July, surpassing the previous record, achieved in April, by over 3,600 passengers and a 36% increase on the corresponding...

  • 10 Aug
    07:09
    FLASH: fastjet passenger figures jump

    Story provided by StockMarketWire.com

  • 29 Jul
    12:34
    fastJet comments on fall in its share price

    fastjet (AIM:FJET), Africa's low-cost airline, has noted the recent fall in its share price. It is down over 5% today. The company says it knows of no material trading reason for the movement and...

  • 30 Jun
    07:59
    fastjet launches new route to Malawi

    fastjet, Africa's low-cost airline, has been granted a foreign operators' permit from the Malawian authorities to start flights between Dar es Salaam in Tanzania and Lilongwe, capital of Malawi....

  • 30 Jun
    07:04
    FLASH: fastjet launches new route to Malawi

    Story provided by StockMarketWire.com

  • 22 Jun
    07:30
    fastjet sells Fly540 Ghana

    fastjet has signed an agreement to dispose of its interest in airline Fly 540 Ghana Limited (Fly 540 Ghana), the loss-making investment it had previously acquired from Lonrho Aviation in July 2012....

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