(“fastjet”) (AIM: FJET)
fastjet and LAM - Mozambique Airlines, S.A. sign Memorandum of Understanding to explore wide-ranging commercial co-operation
21 March 2018
Maputo, Mozambique: fastjet, the low-cost African airline, and LAM - Mozambique Airlines, S.A. (“LAM”)
announce that they have entered into a Memorandum of Understanding (MoU) to explore long-term
The MoU was signed yesterday and outlines several areas of cooperation between the airlines which are
expected to significantly enhance commercial aviation in Mozambique. The MoU sets out code-share and
interline agreements between the two carriers, optimised network synergies to accommodate these, and
details of cooperation on commercial systems, cargo, engineering and maintenance.
“This approach to commercial cooperation is the first of its kind on the African continent,” said fastjet
Chief Executive Nico Bezuidenhout. “It presents a significant opportunity to stimulate not only commercial
aviation but also up and downstream economic growth through key initiatives. fastjet is committed to
exploring and leveraging this agreement to the benefit of the people of Mozambique and both airlines.
This MoU provides a strong foundation for us to meet the Government of Mozambique’s Whole of State
LAM Chief Executive Antonio Pinto commented: “The MoU signed today will not only further strengthen
Mozambique’s flag carrier as a regional air-services provider but will also contribute significantly to
initiatives that promote tourism, economic development and trade.
“This is an exciting and industry-leading public-private partnership,” added Mr. Pinto. “It supports
Mozambique’s greater economic growth objectives through the efficient and affordable movement of
people and goods, and also supports the longer-term Whole of State Aviation strategy.”
fastjet, which also operates in Tanzania, Zambia, Zimbabwe and South Africa, is the first low-cost carrier
brand to enter the Mozambique market. Since fastjet launched its network in Mozambique last
November, the airline has achieved strong load factors on its initial routes between Maputo and Beira,
and Nampula and Tete, and an on-time performance record of over 85%.
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NOTES TO EDITORS
About fastjet www.fastjet.com:
fastjet is a multi-award winning low-cost African airline for everyone. It began flight operations in Tanzania in November 2012, flying passengers from Dar es Salaam to just two domestic destinations - Kilimanjaro and Mwanza. Today, fastjet’s route network includes Tanzanian domestic routes from its Dar es Salaam base to Kilimanjaro, Mbeya, and Mwanza, and international routes from Tanzania to Lusaka in Zambia and Harare in Zimbabwe. fastjet also began flight operations from its Zimbabwe base in October 2015, and now flies domestically from Harare to Victoria Falls, Harare to Dar es Salaam and internationally from both Harare and Victoria Falls to Johannesburg in South Africa. The airline has flown over 2.5 million passengers with an impressive aggregate 94% on-time performance, establishing itself as a punctual, reliable, and affordable low-cost carrier.
fastjet Plc is quoted on the London Stock Exchange's AIM Market.