Fastjet impressed with maiden month
Fastjet, Africa's first low-cost airline, said passenger figures from its first month in the air demonstrated the latent demand for low cost reliable air travel on the continent.
Fastjet, Africa's first low-cost airline, said passenger figures from its first month in the air demonstrated the latent demand for low cost reliable air travel on the continent.
Chief Executive Ed Winter said that concerns over infrastructure had proved unfounded with no scheduled Fastjet flights cancelled and 99.6 % arriving within 15 minutes of schedule.
The airline said its Tanzania operation carried 29,547 passengers in December, representing a load factor of 78.9%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company's Chairman recently announced he would take an annual salary of just one pound.
David Lenigas said he was making the move "to help make a difference to Africa's future growth prospects".
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Banks given additional 72 hours to investigate suspicious payments
New rules will allow banks to pause suspicious payments for longer, giving them time to investigate cases of potential fraud
By Katie Williams Published
-
What financial support can you get if you are suffering with long-term illness?
Health is wealth and more important than any material riches. But too often, long-term illness brings financial worries of its own. What financial support can you get if you are ill?
By Katie Williams Published