Fastjet Introduction - Low-cost in Africa
- 1. FastJet - LCC airline features ASSIGNMENT 3 – AIRLINE MANAGEMENT Maxim Roelen Ozyegin University
- 2. Corporate Information Founded in 2011, started operations in 2012 Based in Dar es Salaam, Tanzania 3 Airbus 319 aircraft 8 Destinations To become pan-African LCC CEO and Chairman Ed Winters Based on European LCC concept easyJet-founder Stelios Haji-Ioannou owns 10% share Wesley Moolman Source: Fastjet
- 3. Future Expansion 10 Additional A319 aircraft by end 2015 New bases in 2015 7 aircraft based in Tanzania (+4), 3 in Zambia (new), 2 in Zimbabwe (new) and 1 in Kenya (new) Bases in South Africa and Uganda in 2016 Up to 34 aircraft in 2018 9 in South Africa, 7 each in Tanzania and Kenya, 4 each in Uganda and Zimbabwe and 3 in Zambia Possible Emirates codeshare agreement Source: Ed Winters in Bloomberg, 2014
- 4. LCC features Low basic-fares Point-to-point traffic, no transfer-hub operations Standardised fleet of A319’s Encouraging online ticket-sales Rapid turnaround times for African standards Fees & Charges for additional services (catering, seat selection, baggage, etc.) Source: Fastjet
- 5. Atypical features Free airport check-in 40 minute turnaround, longer than European LCC standards Use of ‘secondary airports’ not applicable to Africa Source: Fastjet