Fastjet reports excellent first week and unveils fundraising plans

fastjet, Africa's first low-cost airline which started commercial flight operations one week ago in Tanzania, in which time it has carried 6,884 passengers with an average load factor of 85.4 per cent.

fastjet, Africa's first low-cost airline which started commercial flight operations one week ago in Tanzania, in which time it has carried 6,884 passengers with an average load factor of 85.4 per cent.

The company has also reported the fastjet has sold 18,090 tickets to only two destinations with bookings now being taken as far out as March 2013.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.