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Showing posts from May, 2015

Kenya Airways is going through turbulence, but stays focused

Kenya Airways has released a statement admitting that the airline is going through business challenges at the moment but it stays focused in delivering the best services possible and  measures are instituted to put the business on a recovery path and ultimately on a sound footing. The following is the full statement as quoted from KQ. Kenya Airways GMD & CEO -  Mbuvi Ngunze. Kenya Airways is only going through normal turbulence All businesses have challenges, more so in our aviation industry, which is cyclical in nature and fraught with many risks.These include fuel price volatility, intense competition and more recently the threat of terrorism and epidemics that have adversely impacted global travel. There is also political instability, natural disasters and an increasingly tight regulatory environment and  KQ  is not isolated from any of these. KQ has expanded its global footprint across multiple jurisdictions flying to 52 destinations. As a global airline,

Fastjet expands its fleet to four planes with plans for more.

African budget airline,  Fastjet  ( LON:FJET ) ,  has signed a letter of intent with ICBC International Leasing Company Limited in respect of the leasing of one A319-131 aircraft.  The airline plans to increase its fleet this year as it seeks to expand its operations and add further routes to its network. With fastjet's current fleet of three aircraft almost fully utilised, additional aircraft will be required to support the planned expansion of fastjet Tanzania and to facilitate the start-up of planned new fastjet operations in both Zambia and Zimbabwe. This Aircraft is the first of a number that fastjet is planning to add to its fleet this year, with each additional aircraft able to make up to 1,000 more seats per day available to fastjet's customers. Based on the 75% load factors currently being projected by fastjet, each aircraft in the fleet is expected to carry approximately 275,000 passengers per annum. fastjet expects to put the Aircraft into servic

FastJet PLC Announce New Board Member

FastJet PLC LON:FJET has announced this week that Bryan Collings has been appointed to the Board as Non-Executive Director with immediate effect. Bryan holds a number of other high profile positions including at HEXAM Capital Partners LLP, Coppin Collings Limited and Ohmworx Limited.  He previously held a position with Hexagon Asset Management LLP. Between 2006 and 2012, Bryan was Managing Partner of HEXAM Capital Partners LLP, during which he increased company assets from some $13 million seed investment to a peak of almost $2 billion. He purchased a 52% stake in HEXAM from Standard Life Investments, inter alia, in December 2014. Bryan, aged 49, is a previous recipient of investment awards in the UK, and holds a M.Sc. in Economics and a CFA. The appointment comes off the back of a strong April performance, where FastJet PLC LON:FJET operations in Tanzania carried a total of 68,088 passengers and achieved a load factor of 73%, the highest monthly passenger total reco