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African Aviation Regional issues that affect the numerous pilots who work in this area of the world.


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Old 19th Dec 2012, 21:10   #1 (permalink)
 
Join Date: Sep 2008
Location: London
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FASTJET (THE 2013 OFFICIAL THREAD)

This thread is for all things related to Fastjet which intends to be a Pan African airline carrying over 12 million passengers a year throughout Africa.
Being based in Ghana, Tanzania, Kenya, Angola and possibly South Africa, through it's acquisition of fly540 and recently 1time airways, there is sure to be a shake up in African aviation!

Africa's Low Cost Airline - Fastjet

Last edited by totomechanic; 20th Dec 2012 at 23:50.
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Old 19th Dec 2012, 21:15   #2 (permalink)
 
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Wink

Are there any former tanzania fly540 pilots on here that have joined fastjet since the takeover, or were new recruits brought in to operate the A319's?
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Old 20th Dec 2012, 09:22   #3 (permalink)
 
Join Date: Mar 2008
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Seems to have bought 1Time ... for 1ZAR!

fastjet signs option agreement to buy South African low-cost airline 1time - Financial News - Investor News - Corporate - Fastjet - Fastjet
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Old 20th Dec 2012, 13:11   #4 (permalink)
 
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Caution

Signing an 'option agreement' is NOT 'buying'.

There are many conditions that need to be satisfied, not least any deal must satisfy the current creditors of 1time.

This article give more detail.

Fastjet eyes Africa, offers R1 for 1time | Transport & Tourism | BDlive

Note the paragraph:
Quote:
Hannes Muller of Tshwane Trust, 1time’s provisional liquidator, said the new shareholders would make an offer to 1time’s creditors, who are owed about R462m. If the creditors approved the arrangement, this would be submitted to court for sanction.
This little matter of R462m is missing from the Fastjet website.

Last edited by ian16th; 20th Dec 2012 at 13:14.
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Old 20th Dec 2012, 15:39   #5 (permalink)
 
Join Date: Mar 2008
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Posted with tongue in cheek as there's no reference on Fastjet's website over the small matter of the legal ownership issue in SA!

Thanks for the better article!
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Old 20th Dec 2012, 17:37   #6 (permalink)
 
Join Date: Nov 2006
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From what i've seen and heard on the radio from "gray bird" they currently have 3 319s in dar, purchased fly540 and 1time for the international routes and are being brought to court by precision over the nairobi routes.

they are currently being flown by 2 captains from what im assuming is easyJet and are currently training locals to take over from there.
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Old 20th Dec 2012, 21:50   #7 (permalink)
 
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Don't know if Fastjet understand what competing with SAA and Mango will do to their balance sheet. Total lack of transparency in the SA domestic market.
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Old 21st Dec 2012, 14:54   #8 (permalink)
 
Join Date: Nov 2006
Location: The Royal Palace, DAR, Tanzania
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Actually, I doubt they'd be based in J'borg... They would just be based up here and have daily flights TO J'borg which as of right now only SAA offers... Precision pulled out of that market earlier this year.
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