FJET shares continue to stagnate and the company has still not published passenger load figures or accounts for 2015. However, 2 days ago the company published an update on its application for a Zambian AOC
fastjet (AIM: FJET), today provides an update on its application for a Zambian Air Operator Certificate ("AOC").
Further to the trading and operational update in March 2016, and as part of the Company's rationalisation of its routes to match current demand with capacity, fastjet has decided to delay its application for a Zambian AOC, to Q4 2016 pending further review of the network.
fastjet Tanzania will continue to operate international services three times a week between Dar es Salaam and Lusaka on the circular route Dar es Salaam/Lusaka/Harare/Dar es Salaam.
ENDS
For more information, contact:
fastjet Plc
Tel: +44 (0) 20 3651 6307
Colin Child, Executive Chairman
Lisa Mitchell, Chief Financial Officer
So despite being responsible for this saga Ed Winter escaped with all his remuneration
Quite a number of local staff in Tanzania are being laid off in circumstances which would be totally unacceptable if they were employed in a country with better employee protection laws.