fastjet statement - 20 December 2018

20 December 2018

 

Fastjet PLC Group Head Office (Johannesburg) confirms that fastjet Zimbabwe and fastjet Mozambique continue operations as normal, maintaining a reliable service on the respective route networks.

Following the suspension of operations in Tanzania, all flights to and from South Africa, Zimbabwe and Mozambique remain unaffected. The only route affecting the Zimbabwean customers is that operated by the Tanzanian airline between Dar es Salaam to Harare and vice versa. Customers affected by this suspension have been contacted by the airline and have been offered refunds.

fastjet Airlines (Tanzania), a separate entity from the rest of the fastjet group, is independently owned following a management buyout from the group’s parent entity earlier in 2018. On Monday 17th December, the airline implemented a temporary suspension of flights, following a 28-day notice from the Tanzanian Civil Aviation Authority (TCAA) requesting reassurances that its air services would continue to meet TCAA requirements. The airline is in discussions with its own Tanzanian shareholders, which no longer includes fastjet PLC.

fastjet PLC announced last week that they had concluded a successful Capital Raise, securing sufficient funds for its future operations and continued growth in Zimbabwe and Mozambique. The management team of fastjet Zimbabwe Ltd are continuing their discussions with the relevant Government and commercial bank entities regarding the settlement of foreign liabilities and are working to achieving a positive conclusion soon.

Flights on the Zimbabwe and Mozambique markets are currently operating at high capacity, with good on-time performance across the network.

 

Corporate Communications

Fastjet PLC