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Fleet Changes Imminent in FastJet

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Fleet Changes Imminent in FastJet

Old 10th Sep 2016, 17:41
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Fleet Changes Imminent in FastJet

It seems Nico Bezuidenhout is getting ready to make major changes to the fleet mix in FastJet where he took over as CEO last month. The rumours I'm hearing have it that in Tanzania just 1 A319 will be retained and 2 leased E190s will be brought in in November (possibly wet leased from Bulgaria Air). Similarly, the A319 in Zimbabwe will be replaced by a 190. The rumour seems to be strengthened by the new flight schedule which shows the cabin seat layout conforming to the all-economy layout of the 190. It also seems likely that this will be the type the airline will be planning to use in Kenya once its AOC audit is complete.

There's still no firm news as to where the company HQ will be relocated. Nico has said he wants it moved from Gatwick to Africa and the 2 most likely locations would be Tanzania where the majority of the fleet is or South Africa as FJ will still be operating to Johannesburg.
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Old 25th Sep 2016, 08:29
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Well, it's all confirmed now that Fastjet is moving its HQ to Johannesburg and the A319s will be gone by the end of September to be replaced initially with 3 wet leased from Bulgaria Air - though it is planned that this will change to a dry lease in April 2017 by which time Fastjet will have its own crews for the type in place

https://skift.com/2016/09/23/the-dre...ine-is-fading/

It will be interesting to see how well the type fares in competition with ATCLs new Dash 8 Q400s as they come into service in the next couple of months
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Old 25th Sep 2016, 13:47
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How much of Fastjets demise can be attritibuted to the government of Tanzania vs operational losses?
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Old 25th Sep 2016, 17:21
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From everything I've seen, experienced and read; it's almost entirely the fault of senior management which is why Sir Stelios forced the recent change in management
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Old 1st Oct 2016, 12:46
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A Poor Management of the Fleet Changeover

It looks as if Fastjet have cancelled all flights from Dar to Kilimanjaro and Nairobi for at least the next 3 days and halved the number of flights to Mwanza and Mbeya. I have a friend stuck in Mwanza who thinks he'll be there for days unless he decides to spend 16 hours on the bus! It seems that all the 319s have now left except for the 1 which the company owns (and is trying to sell) and the new wet leased aircraft have not announced.
There is a deafening silence from the company about what is happening and a lot of Tanzanians have completely lost faith in them. Not a promising start from Nico; I think people expected much better of him than this
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Old 1st Oct 2016, 14:46
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Well they haven't arrived in Dar yet which means the entire operation is being carried out by 1 aircraft. That seems pretty appalling planning by any airline which wants to be taken seriously. I've already booked my next flight - with KQ
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Old 1st Oct 2016, 18:34
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I'm aware of the 319 in Harare, which is of no use for helping with the routes from Dar, is totally under-utilised, and is due to be replaced by an E190.
FJD, the one remaining in Dar is the one they own and which is up for sale, but that can't do all the schedules which is why so many have been cancelled with no notice to the travelling passengers.
It's no good having new leases starting at end of October when the present ones ended at the end of September. I did hear that 1 190 may be en-route, but that's scarcely likely to be in a position to help out for some days and meanwhile FJs already poor reputation takes another hammering. I'd be very reluctant to use them again even if their fares are cheaper - I prefer reliability
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Old 4th Oct 2016, 12:15
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Fastjet Introduces First Embraer 190, Sells A319 | Commercial Aviation content from Aviation Week
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Old 5th Oct 2016, 09:38
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The first leased E190 is now in Dar but has not started flying yet. Presumably they're waiting for clearance from TCAA as it''s a new type for them. The A319 they own has been sold (at a considerable loss, though it will put $8 million into FJ's dwindling coffers), but part of the sale agreement is that it can be used (subject to a limit of 100 cycles, for a reduction of $200,00 of the sale price) until 17 October, to allow time for the other 2 leased aircraft to arrive
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Old 7th Oct 2016, 23:31
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FJG is not coming. There are some issues with engine. ERJ still not approved by TCAA. Bulgarian crew still drinking in hotel enjoying contract. Weekend with single airplane operations. Expect many cancellations until Tuesday at least.
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Old 11th Oct 2016, 23:08
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Well Fastjet finally got a little bit of its act together yesterday as LZ-BUR did its first commercial flight for the airline.
However, an aircraft in Bulgaria Air colours with Cyrillic script on the side is probably not helping to enhance the Fastjet brand. Also the in-flight magazine still talking about Fastjet's fleet of A319s shows that their PR department has a looooong way to go. Attention to détail seriously lacking.
Let's see how ATCL's new Q400s compare when they start flying this weekend
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Old 25th Oct 2016, 00:20
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Fastjet Faces Regulatory Problems Changing Fleet

https://wolfganghthome.wordpress.com...ce-challenges/. /
It seems Nico Bezuidenhout is having as many problems in Tanzania and Zimbabwe as he did in SA, overcoming bureaucracy and protectionism. Both Tanzanian and Zimbabwean regulators are putting a lot of obstacles in the way of changing the fleet from A319 to E190. It's also possible that he was rather naive in thinking it would be easy to change his AOC in both countries where he is in commercial opposition to their state-owned airlines.
I wish him good luck - he's going to need lots (because cash is one thing FJ is very short of right now).
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Old 19th Sep 2018, 03:41
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Retrenchments in Fastjet Tanzania

The General Manager of Fastjet Tanzania has issued a notice stating that there will be retrenchments of staff in all departments at the end of September 2018 and asking for volunteers for voluntary redundancy in the next few days.
I think the company still has 3 leased ATR 72-600s sitting on the ground in Toulouse which must be an additional drain on their finances. Nico Bezuidenhout seems to have done little to turn the company around, with shares trading at £7.75 - down 68% on the year
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Old 19th Sep 2018, 07:24
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Grand opening. Grand closing. This airline is the biggest disappointment to me. So much promise and yet so little delivery.
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Old 20th Sep 2018, 05:23
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Afrika did them in. A country that is woefully corrupt, inept and underdeveloped that puts obstacles in the way of every attempt to grow and industrialize. Bring the guillotine and round these aholes from government up!
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Old 20th Sep 2018, 14:28
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That's sad. I flew with them to Zim before on the 320/319 and it was a rather pleasant experience!
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Old 22nd Sep 2018, 00:51
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Blame Tanzania. They need Paul Kagame or Donald Trump to come in, clean house of every government employee with a title, stamp or shiny badge, do an audit, out half of those employees in a work/jail program, execute the other half for crimes against humanity, then hire private companies to run stuff.
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Old 25th Sep 2018, 19:44
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Fastjet shares are continuing to slide and have fallen a further 3% to a low of 6.65 pence today. This is not as bad as the brief drop to 3 pence in June, but nevertheless continues the steady fall . The company has burnt through over $200 million of shareholder cash in 5 years
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Old 26th Sep 2018, 12:32
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Interim results out today. Operating loss in the six months to 30 June of US$14.6m - losing money in all three countries in which it operates. Subsequently raised US$10m but will run out of money by the end of October. Without additional new money it will have to close. In any case it is planning to pull out of Tanzania due to "changes in the competitive landscape. Shares currently down by 38% so far today.
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Old 27th Sep 2018, 07:56
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As with far too many aviation companies, the only people making any money are the directors with ridiculously high salaries and share options. It would be interesting to know how much Nico Bezuidenhout has received for his poorly executed business plan
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