Fastjet Tanzania

Fastjet Tanzania
IATA ICAO Callsign
FN FTZ GREYBIRD
Founded 2011 as Fly540 Tanzania
Commenced operations 29 November 2012 as Fastjet Tanzania
AOC # 038
Operating bases Julius Nyerere International Airport
Fleet size 4
Destinations 8
Company slogan Smart travel
Parent company Fastjet Plc
Website fastjet.com

Fastjet Airlines Limited (Tanzania), also known as Fastjet Tanzania, is a low-cost airline that operates flights under the fastjet brand in Tanzania.[1] The airline was founded in 2011 as Fly540 Tanzania, but through the acquisition of Fly540 in 2012, it was rebranded as Fastjet Tanzania. It is based in Dar es Salaam. The airline carried more than 350,000 passengers in the first year of operations and sold one million seats by December 2014.[1]

History

Fastjet Tanzania was founded in 2011 as Fly540 Tanzania, a subsidiary of Kenya-based Fly540. Using a Bombardier CRJ100 and a Dash 8-100,[2] it flew to eight destinations in Tanzania and two in Kenya.[3]

In June 2012, Fly540 was acquired by Rubicon Diversified Investments, which intended to merge all of Fly540's operations into its new venture Fastjet.[4] Fly540 Tanzania suspended operations on 13 October 2012 before being rebranded as Fastjet Tanzania.[2]

Fastjet Tanzania started operations as Fastjet's first operating base in Africa, with flights from Julius Nyerere International Airport commencing on 29 November 2012. Initial flights operated successfully between Dar es Salaam and Kilimanjaro, and between Dar es Salaam and Mwanza.

Further routes were to be added quickly, both domestically and to other East African destinations.[5] It currently (August 2015) has domestic routes operating linking Dar es Salaam with Mwanza, Kilimanjaro and Mbeya, and four international routes from Dar es Salaam to Johannesburg, Harare, Entebbe, Lilongwe and Lusaka.[1]

Corporate affairs

Ownership

Fastjet Tanzania is 49% owned by Fastjet Plc; on 14 November 2014 it was announced that Fastjet Plc had entered into an agreement to sell an interest in fastjet Tanzania to Tanzanian investors. The issue of the shares brings the total Tanzanian legal and beneficial ownership of fastjet Tanzania to 51%. [6]

Business trends

Fastjet Tanzania began trading on 29 November 2012, and financial results have been incorporated in the Fastjet Plc group accounts. Some information has been made available for the Tanzanian operation (as at year ending 31 December):

Fastjet Tanzania Airbus A319 at Dar es Salaam
2012 2013 2014 2015
Turnover (US$ m) 3.6 26.1 53.8 64.6
Profits/losses after tax (US$ m) −11.9 −21.9 −22.5 −24.2
Number of passengers (m) 0.03 0.37 0.60 0.78
Passenger load factor (%) 78.9* 72.5 73.3 66.7
Number of aircraft (at year end) 3 3 3 5
Notes/sources *Dec only
[7]		 [8] [9] [10]

Head office

Fastjet Tanzania maintains a head office in Samora Avenue, Dar es Salaam, Tanzania.[11][12]

Destinations

As of 3 December 2016, Fastjet Tanzania serves the following destinations:[13]

Base
Future
Suspended route
City Country IATA ICAO Airport
Arusha and Moshi Tanzania JRO HTKJ Kilimanjaro International Airport
Dar es Salaam Tanzania DARHTDAJulius Nyerere International Airport [Base]
Entebbe Uganda EBBHUENEntebbe International Airport (ended 3 December 2016) [14]
Harare Zimbabwe HREFVHAHarare International Airport
Johannesburg South Africa JNB FAOR OR Tambo International Airport
Lilongwe Malawi LLW FWKI Lilongwe International Airport (ended 8 February 2016) [15]
Lusaka Zambia LUN FLKK Kenneth Kaunda International Airport
Mbeya Tanzania -HTGWSongwe Airport
Moroni Comoros HAHFMCHPrince Said Ibrahim International Airport [16]
Mwanza Tanzania MWZHTMWMwanza Airport
Nairobi Kenya NBOHKJKJomo Kenyatta International Airport (ended 3 December 2016) [17]
Zanzibar City Tanzania ZNZ HTZA Abeid Amani Karume International Airport [18]

Cargo

Fastjet has signed an agreement with one of Africa’s largest cargo operators, BidAir Cargo, to carry cargo on its fleet of Airbus A319s. Fastjet has sufficient capacity to accommodate the carrying of cargo on its Tanzanian routes [19]

Fleet

The Fastjet Tanzania fleet includes the following aircraft as of June 2016:[20][21][10]

Fastjet Tanzania fleet
Aircraft Total Orders Passengers Notes
Airbus A319-100 1 0 156 ex-Easyjet aircraft
3 0 144/145
Total 4 0

There are plans for further A319s to be acquired as the network expands.

References

  1. 1 2 3 "Proposed placing to raise gross proceeds of at least GBP 50 million". Fastjet. Retrieved 24 May 2015.
  2. 1 2 "Fly540 Tanzania suspends operations ahead of Fastjet launch". Ch-aviation. 14 October 2012. Retrieved 29 January 2016.
  3. ↑ "African low-cost carrier Fastjet announces Dar es Salaam base". Ch-aviation. 21 September 2012. Retrieved 29 January 2016.
  4. ↑ "Lonrho sells Fly540 to Rubicon as basis for new African LCC FastJet". CAPA - Centre for Aviation. 14 June 2012. Retrieved 29 January 2016.
  5. ↑ Fastjet tickets go on sale. Easy.com (13 November 2012).
  6. ↑ "Fastjet strategic update". Fastjet. Retrieved 26 May 2015.
  7. ↑ "Results for the 18-month period to 31 December 2012". Fastjet. Retrieved 1 June 2013.
  8. ↑ "Final Results for the year ended 31 December 2013". Fastjet. Retrieved 26 June 2014.
  9. ↑ "Annual Report and Financial Statements for the year ended 31 December 2014" (PDF). Fastjet. Retrieved 23 December 2015.
  10. 1 2 "Final Results for the year ended 31 December 2015" (PDF). Fastjet. Retrieved 3 June 2016.
  11. ↑ "Contact fastjet." (Archive) Fastjet. Retrieved on 7 May 2013. "fastjet Tanzania Plot No 767/39, Suite No. 1 Samora Avenue Dar es Salaam P.O. Box 38639 Upanga"
  12. ↑ "Feedback." (Archive) Fastjet. Retrieved on 7 May 2013. "fastjet Head Office Plot No 767/39, Suite No. 1 Samora Avenue P.O. Box 38639 Upanga Dar es Salaam Tanzania"
  13. ↑ . Fastjet http://www.fastjet.com/tz/en/destinations. Retrieved 11 January 2016. Missing or empty |title= (help)
  14. ↑ . 3 December 2016 http://www.routesonline.com/news/38/airlineroute/270170/fastjet-network-changes-from-dec-2016/?highlight=fastjet. Retrieved 3 December 2016. Missing or empty |title= (help)
  15. ↑ "Malawi's ailing economy forces regional fastjet to suspend flights into Malawi". The Maravi Post. 19 January 2015. Retrieved 22 January 2016.
  16. ↑ Thome, Wolfgang H (14 November 2015). "Fastjet Tanzania gets sixth international route". Retrieved 15 November 2015.
  17. ↑ . 3 December 2016 http://www.routesonline.com/news/38/airlineroute/270170/fastjet-network-changes-from-dec-2016/?highlight=fastjet. Retrieved 3 December 2016. Missing or empty |title= (help)
  18. ↑ "Fastjet Adds Zanzibar Route from Jan 2016". Airlineroute.net. 2 December 2015. Retrieved 2 December 2015.
  19. ↑ "South African upgrades, Fastjet turns to cargo". aircargoworld.com. Retrieved 13 October 2013.
  20. ↑ "Our fleet". Fastjet.com. Retrieved 5 February 2016.
  21. ↑ "African LCC group fastjet passes hurdle with launch of Zimbabwe affiliate as Tanzania base expands". CAPA - Centre for Aviation. Retrieved 5 February 2016.

External links

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