Fastjet PLC Operational Fleet Update (8736W)
April 29 2016 - 9:36AM
UK Regulatory
TIDMFJET
RNS Number : 8736W
Fastjet PLC
29 April 2016
fastjet Plc
("fastjet" or the "Company")
29 April 2016
Operational Fleet Update
fastjet (AIM:FJET), today provides an update on its aircraft
fleet.
Further to the trading and operational update in March 2016, and
as part of the Company's ongoing review of its routes and fleet in
order to match current demand with capacity, fastjet has agreed the
early termination of the lease on one of its A319 aircraft. The
aircraft, which was scheduled to come to the end of its lease term
in October 2016, will come out of service immediately.
Following the return of this aircraft the fastjet fleet will
comprise five aircraft, four leased (one of which comes to an end
in Q4 2016) and one owned. The Board will continue to keep the
fleet size under review.
ENDS
For more information, contact:
fastjet Plc Tel: +44 (0) 20 3651
6307
Colin Child, Executive Chairman
Lisa Mitchell, Chief Financial
Officer
UK media - Citigate Dewe Rogerson Tel: +44 (0) 20 7638
9571
Angharad Couch
Eleni Menikou
Nick Hayns
South African media - Tribeca Tel: +27 (0) 11 208
Public Relations 5500
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please
contact:
Liberum Capital Limited - Tel: +44 (0) 20 3100
Nominated Adviser and Joint 2222
Broker
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Tel: +44 (0) 20 7220
Broker 1666
James Joyce
Mark Leonard
NOTES TO EDITORS
About fastjet Plc
fastjet Plc is the holding company of the low cost airline
fastjet which commenced flights under the fastjet brand in Tanzania
in November 2012. By adhering to international standards of safety,
quality, security and reliability; fastjet has brought a new flying
experience to the African market at unprecedented low prices.
Utilising its fleet of Airbus A319s, fastjet is implementing the
low-cost model across Africa with a long-term strategy to become
the continent's first low-cost, pan-Africa airline.
The results of the first quarter 2016 customer satisfaction
surveys showed that an average of 73% of customers were likely to
recommend fastjet to a friend. In developing its strong brand and
identity, fastjet has won and been nominated for a number of
awards, including Africa's Leading Low-Cost Airline 2016 at the
23(rd) World Travel Awards, winning three Transform awards for the
rebrand and launch of fastjet, the award for "Brand Strategy of the
Year" at 2014's Drum Marketing Awards in London, and the Transport
Innovator Award at the 8th Transport Africa Awards 2015 in
Johannesburg.
fastjet Plc is quoted on the London Stock Exchange's AIM
Market.
For more information see www.fastjet.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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