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Showing posts with label FastJet. Show all posts
Showing posts with label FastJet. Show all posts

Monday, May 13, 2013

► ZIMBABWE: fastjet rumoured to be starting Victoria Falls flights from June.

fastjetUK-based Tanzanian LCC, fastjet (FN), is reportedly to commence regional operations to the Zimbabwean resort town of Victoria Falls starting June 4, Swiss aviation newswire ch-aviation reports.

Tuesday, May 7, 2013

► SOUTH AFRICA: fastjet to wet lease a 737-300 from Star Air while A319s are certified.

fastjetfastjet (FN) and Federal Air (7V) have announced plans to wet-lease a B737-300 (unconfirmed MSN 27345 | ZS-VDB) from Star Air Cargo South Africa (BRH). Inaugural flights will commence with a daily Johannesburg - Cape Town flight.

Monday, May 6, 2013

► SOUTH AFRICA: FederalAir reiterates that it's tie-up with fastjet is above board following allegations of fronting

Fedair logoSouth Africa's, Federal Air (7V), the airline slated to become fastjet South Africa's new partner, has issued a statement reiterating that it's deal with the United Kingdom-based Tanzanian LCC is fully compliant with South Africa's Air Services Licensing Act, 1993. The move comes after members of South Africa's aviation community expressed doubts as to who was really running the operation and calling the shots.

Monday, April 29, 2013

■ SOUTH AFRICA: fastjet appoints Kyle Haywood as head of its new South African operation.

fastjetFresh from announcing its new planned South African market-entry, Tanzanian-based LCC fastjet (FN) has revealed Kyle Haywood as the head of the airline's new South African venture with partner, Blockbuster, now known as "fastjet Holdings."
 

Wednesday, April 24, 2013

► SOUTH AFRICA: fastjet to enter South African market under JV with local investment firm; to use FedAir's AOC.

fastjetAs previously speculated in this post, Tanzanian LCC, fastjet (FN), has indeed struck a deal with South African investment firm, Blockbuster, in which flights between Johannesburg and Cape Town will be operated under Federal Air's (7V) AOC. If all regulatory approval is obtained, flights should début from May 31

Tuesday, April 23, 2013

► KENYA: fastjet, Don Smith agree to kiss and makeup.

fastjetTanzanian LCC, fastjet (FN), has announced that it has entered into a Memorandum of Understanding with Don Smith, CEO of FiveForty Aviation Limited which trades in Kenya as Fly540, thereby paving the way forward for the two to end a long standing legal battle over payment and licensing agreements in Africa.

Tuesday, April 16, 2013

► TANZANIA: fastjet suspends Kilimanjaro to Zanzibar, Mwanza just 4 weeks after their launch.

fastjetTanzanian LCC, fastjet (FN) has announced it is temporarily suspending two of its routes between Kilimanjaro and Mwanza, and between Kilimanjaro and Zanzibar, effective immediately, due to what it calls "low demand during the rainy season."

Wednesday, March 20, 2013

■ KENYA: 540 Aviation's Don Smith claims fastjet's legal proceedings are a "breach of contract".

fly540Don Smith, the owner of Five-Forty Aviation, who is currently embroiled in a lawsuit with fastjet PLC over ownership rights to to the Fly540 brand, says fastjet's move to initiate legal proceedings constitutes a breach of contract. 

Monday, March 18, 2013

■ SOUTH AFRICA: fastjet files letter of intent with 1Time's creditors in Johannesburg; one step closer to launching.

fastjetLCC fastjet (FN) has taken, what it terms, "a major step” towards its acquisition of defunct South African LCC 1Time (T6) through the filing of a letter of intent with the airline's liquidators in Johannesburg. The move comes on the back of a visit by fastjet's Chairman and Chief Executive, David Lenigas, to South Africa, last week.

Sunday, March 17, 2013

■ SOUTH AFRICA: fastjet in talks with local South African partner to bypass 25% foreign ownership cap in 1Time.

fastjetFollowing on from our last report, LCC fastjet (FN) is now reportedly in negotiations with a "credible local South African partner" to aide in its protracted battle to acquire control of bankrupt South African carrier, 1Time (T6). This comes after an outcry from the local airline community including South African Airways and Comair Ltd, forced fastjet to rethink its strategy to acquire 1Time, which until now, has been blocked by South African law.

Friday, March 8, 2013

■ TANZANIA: fastjet secures additional $23.5mln in funding from New York investment firm as 1Time's liquidation postponed until October.

fastjetTanzanian based LCC, fastjet (FN), has secured an additional USD23.5million (GBP15.68million) in funding following an agreement with Bergen Global Opportunity Fund, an institutional investment fund managed by Bergen Asset Management, LLC, a New York asset management firm. 

Thursday, March 7, 2013

■ UNITED KINGDOM: fastjet takes Don Smith to court over ownership of Fly540.

fastjetIn the latest episode in the fastjet vs Don Smith soap opera, the Tanzanian LCC has now moved to take legal proceedings against Mr Smith, owner of 540 Aviation, seeking "a declaration that it has fulfilled its obligations under the Sale and Purchase Agreement" regarding Mr Smith's shares in Fly540.

Friday, March 1, 2013

■ TANZANIA: Fastjet to settle $2mln in debts with Tanzanian taxman, Airports Authority as deal with 1Time said to be under "reconsideration".

fastjetTanzania based fastjet (FN), has agreed to settle debts amounting to over USD2million (TAS3.14billion) owed to both the Tanzanian Revenue Authority (TRA) and the Tanzanian Airports Authority (TAA). Previously, fastjet had claimed that the debts had been incurred under predecessor Fly540's previous owner, 540 Aviation, who were therefore responsible for them.

Tuesday, February 26, 2013

■ TANZANIA: Precision Air sees a 6% increase in pax uplifted over NOV12 - JAN13 period.

Precision Air Tanzania's Precision Air (PW) says it has registered a 6% growth in passenger traffic for the period NOV12 - JAN13 with an overall growth of 13% for the period APR12 to JAN13.

► TANZANIA: fastjet to start daily Kilimanjaro - Mwanza & Zanzibar ops from mid March.

fastjetTanzanian LCC Fastjet (FN), is to expand its network with the announcement today of the launch of daily Kilimanjaro - Mwanza and daily Kilimanjaro - Zanzibar flights effective 18 March. Both flights will operate with an Airbus A320.

Sunday, February 17, 2013

■ TANZANIA: Fastjet claims parking, landing fees owed to TAA were run up by Don Smith's Fly540.

fastjetFastjet (FN), the controversy-prone Tanzanian based LCC, has issued yet another statement refuting as "inaccurate" recent allegations in the Tanzanian press that it now owes the Tanzanian Airports Authority (TAA) TSh570'668'242.00 and USD95'360 in outstanding landing and parking charges.

Friday, February 8, 2013

■ KENYA: Fly540 disputes Fastjet's claim that its owns 540 Aviation; maintains it is "independent of Fastjet".

Fly540 Ghana
Don Smith's Five Forty Aviation Limited has issued its own statement on yesterday's Fastjet statement issued on behalf of David Lenigas, Fastjet's boss. The update seeks "to correct the factual inaccuracies contained in the statement issued by FastJet". Smith asserts that, contrary to Lenigas' claims, brand licence agreements do in fact exist.

Thursday, February 7, 2013

■ KENYA: Fly540 now withdraws brand licence issued to Fastjet for Tanzania, Angola, Ghana; Fastjet claims it is sole owner of Fly540 brand.

fastjetFly540's owner Don Smith has ratcheted up the stakes in his ongoing war with Fastjet (FN) by withdrawing his carrier's brand licences granted to fastjet for Angola, Ghana and Tanzania. Fly540 yesterday claimed that Fastjet still owes its USD7.7 million in licensing fees (fly540USD6.9 million in Tanzania, USD500'000 in Angola and USD300,000 in Ghana), a claim David Lenigas, Chairman of fastjet, disputed stating that fastjet is the sole owner of the 540 brand (including fly540 Kenya).


Wednesday, February 6, 2013

Monday, February 4, 2013

■ TANZANIA: Now Canada's AvMax Aircraft Leasing wants their pound of Fastjet flesh.

fastjetAvMax Aircraft Leasing has joined the growing list of disgruntled suppliers demanding their money from Fastjet (FN). The Canada-based ACMI firm recently wrote to Fastjet stating it had moved to deregister three of its aircraft previously leased to Fastjet's predecessor, Fly540 Tanzania, over USD2million worth of unpaid leasing and maintenance bills.