Fastjet PLC fastjet launches new routes from Zimbabwe (1103M)
18 January 2016 - 6:00PM
UK Regulatory
TIDMFJET
RNS Number : 1103M
Fastjet PLC
18 January 2016
fastjet Plc
("fastjet" or the "Company")
18 January 2016
fastjet launches flights between Zimbabwe and South Africa
fastjet (AIM: FJET), Africa's low-cost airline, has been granted
permission by the authorities of South Africa and Zimbabwe to
operate flights between Harare and Victoria Falls in Zimbabwe, and
Johannesburg in South Africa. The launch of these popular and
currently underserved routes is a significant step forward for
fastjet Zimbabwe.
Flights between Harare and Johannesburg will operate daily and
flights on the Victoria Falls to Johannesburg route will initially
operate three times a week, with fares starting from US $80 (plus
government taxes), considerably lower than prices offered by
carriers currently serving the route. Tickets go on sale this week,
and flights from Harare will commence on 1st February 2016. fastjet
also has approval for a second daily flight between Harare and
Johannesburg; this will be introduced as market demand grows.
fastjet expects to receive additional international route
approvals in the first quarter of 2016 which, when added to the key
Johannesburg routes announced today, will create a substantial
fastjet Zimbabwe network.
Commenting, fastjet Chief Executive Officer, Ed Winter, said:
"In launching these flights, fastjet Zimbabwe is establishing
itself as a key player in the market.
"There is clearly significant demand for affordable travel
between Harare and Johannesburg. Up to 100 buses a day travel
between the two cities, a journey which can take as long as 24
hours. Similarly, the 1300km road journey from Johannesburg to the
World Heritage Site of Victoria Falls, one of the biggest tourist
attractions in Southern Africa, can take as long as two days with
border crossings. fastjet flights will take just one hour and forty
minutes.
"As we have seen in other markets, we expect many passengers
currently undertaking the journey by bus to switch to flying,
taking advantage of fastjet's low fares and safe and reliable
flights.
"There are significant historical, commercial and political
links between the two countries, and it is estimated that more than
3 million Zimbabweans now live in South Africa. fastjet Zimbabwe is
now well placed to capitalise on the opportunities that this market
offers."
For more information, contact:
fastjet Plc Tel: +44 (0) 20 3651
6307
Ed Winter, CEO
Rose Herbert, Investor Relations
Manager
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 Broker Tel: +44 (0) 20 7220
1666
James Joyce
Mark Leonard
Sanlam Securities UK Limited Tel: +44 (0) 20 7628
- Joint Broker 2200
Simon Clements
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. fastjet Zimbabwe was successfully launched in
October 2015. 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 and its long-term strategy is to
become the continent's first low-cost, pan-African airline.
The results of a customer satisfaction survey showed that 100%
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 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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