Tag Archives: JHB

Fastjet’s first half loss widens to $30.5 million

Fastjet (Fastjet.com) (Dar es Salaam) reported today (September 29) its first half loss (through June 30) widened to $30.5 million (USD), including $13.9 million in losses in the associated Tanzanian operation. Fly540 Ghana and Angola had a $13.5 million adverse effect on the first half financial results. According to the carrier, “Fly540 Ghana and Fly540 Angola loss-making services remain suspended, with restructuring activity underway.”

Despite this loss, the low-fare airline has been expanding. Flights from Dar es Salaam, Tanzania to Lusaka, Zambia were launched in February 2014, from Dar es Salaam to Harare, Zimbabwe in August 2014 and from Dar es Salaam to Entebbe, Uganda on September 16, 2014.

The airline is filling a void left by the closure of Air Uganda.

Read the full financial report: CLICK HERE

Copyright Photo: Paul Denton/AirlinersGallery.com. Airbus A319-112 5H-FJC (msn 1145) taxies at Johannesburg (all others by Fastjet).

Fastjet: AG Slide Show

Fastjet crew

Expanding Route Map:

Fastjet 9.2014 Route Map

FlySafair is cleared to commence passenger operations

 

Safair (Johannesburg) has issued this statement about its new low-fare FlySafair (Johannesburg) passenger subsidiary:

Microsoft Word – FlySafair announcement

Safair has announced the news that the Air Services Council (ASLC) has granted FlySafair a domestic air service licence for the operation of domestic scheduled flights. This is in addition to the international and domestic unscheduled licence that it held for almost 50 years, providing aviation services both domestically and internationally.

The airline was initially blocked from starting its operations after two competitors brought an urgent application to interdict the new low cost airline from starting its operations based on it not meeting the 75% domestic ownership requirements.

Since then FlySafair has restructured their shareholding, getting rid of the shareholding which caused the problems and at the same time concluding the largest employee share ownership scheme in the aviation industry, effectively giving its South African employees a 25.14% stake in the company.

Despite FlySafair not having been operational since October 2013, the airline retained the services of all the employees who were hired 10 months ago, by utilising them in Safair’s traditional business of providing backup services to local airlines and also in international charter operations.

FlySafair: AG Slide Show

Top Copyright Photo: Paul Denton/AirlinersGallery.com. Boeing 737-4Y0 ZS-JRD (msn 24917) taxies at the Johannesburg base.

FlySafair Cleared to Fly