Is Fastjet facing reorganization?

Fastjet (Johannesburg) warned on Friday, December 7, it is facing a financial crisis and could be facing administration (bankruptcy) and a reorganization if its cash flow does not improve. The airline warned it is down to just enough capital to fly for another seven days according to the Standard.

Fastjet began flight operations in Tanzania in November 2012, flying passengers from Dar es Salaam to just two domestic destinations – Kilimanjaro and Mwanza.

Since then, Fastjet’s route network now includes Tanzanian domestic routes from its Dar es Salaam base to Kilimanjaro, Mbeya, and Mwanza with international routes to Tanzania from Lusaka in Zambia and Harare in Zimbabwe.

Fastjet began branded domestic flights in Mozambique (operated by Solenta Aviation Mozambique) between Maputo and Beira, Nampula and Tete on November 3, 2017 and celebrated its second year of operations in Zimbabwe in 2017.

The carrier operates between Harare and Bulawayo, Harare and Victoria Falls, from both Harare and Victoria Falls to Johannesburg in South Africa. The airline has flown over 3.5 million passengers with an impressive aggregate on-time performance, establishing itself as a punctual, reliable, and affordable value airline.

Originally operating Airbus A319 aircraft, the airline now operates two Embraer 190 and three Embraer ERJ 145 aircraft.

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