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In response to recent misleading press reports, the Board of fastjet plc wishes to clarify its position relating to false and damaging statements made by Don Smith, CEO of Fly540 Kenya, the Group's Kenyan subsidiary.
Following the recent announcement that fastjet was in talks to buy 1time, the South Africa low cost airline that went into liquidation last month, fastjet has agreed into an option agreement to buy the entire issued share capital of 1time Airline from its parent company, 1time Holdings Limited, for ZAR1 ($US 0.12).
fastjet, the first pan African low-cost carrier, announces the appointment of Angus Saunders as Finance Director with immediate effect. Mr Richard Blakesley will step down as Finance Director and resign from the Board with immediate effect but will continue in a consulting capacity to ensure a smooth handover of his responsibilities.
fastjet, Africa's first low-cost airline, commenced commercial flight operations one week ago in Tanzania and is pleased to report that the airline carried 6,884 passengers with an average load factor of 85.4%.
Following recent speculation in the South African press, fastjet announces that it is currently in negotiations with the management, directors and provisional liquidator of 1time, the South Africa low cost airline that ceased trading last month.
fastjet, Africa’s first low-cost airline, commenced commercial flight operations yesterday, with its first aircraft flying passengers from Dar es Salaam to Mwanza, and Dar es Salaam to Kilimanjaro in Tanzania.