Fastjet Tanzania
Low-cost airline in Tanzania From Wikipedia, the free encyclopedia
Fastjet Airlines Limited (Tanzania), also known as Fastjet Tanzania, was a low-cost airline that operated 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 was based in Dar es Salaam. The airline carried more than 350,000 passengers in its first year of operations and sold one million seats by December 2014.[1] It went into liquidation on 25 November 2019.
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| Founded | 2011 as Fly540 Tanzania | ||||||
|---|---|---|---|---|---|---|---|
| Commenced operations | 29 November 2012 as Fastjet Tanzania | ||||||
| Ceased operations | 25 November 2019 | ||||||
| AOC # | 038 | ||||||
| Operating bases | Julius Nyerere International Airport | ||||||
| Fleet size | 4 | ||||||
| Destinations | 8 | ||||||
| Parent company | Fastjet Plc | ||||||
| Headquarters | Ground floor, Samora Tower, Samora Avenue, Dar es salaam, Tanzania | ||||||
| Website | www | ||||||
History
Summarize
Perspective
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] By August 2015 it had come to operate domestic routes 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]
Ultimately unable to generate sufficient cash flow to cover its debts, the airline was declared insolvent and a liquidator appointed on 21 December 2019.[6]
Corporate affairs
Summarize
Perspective
Ownership
Fastjet Tanzania was originally 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 brought the total Tanzanian legal and beneficial ownership of fastjet Tanzania to 51%.[7]
Business trends
Fastjet Tanzania began trading on 29 November 2012, and financial results were incorporated in the Fastjet Plc group accounts. Some information had been made available for the Tanzanian operation (as at year ending 31 December):
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Turnover (US$ m) | 3.6 | 26.1 | 53.8 | 64.6 | 59.7 |
| Profits/losses after tax (US$ m) | −11.9 | −21.9 | −22.5 | −24.5 | −45.0 |
| Number of passengers (m) | 0.03 | 0.37 | 0.60 | 0.78 | n/a* |
| Passenger load factor (%) | 78.9* | 72.5 | 73.3 | 66.7 | n/a* |
| Number of aircraft (at year end) | 3 | 3 | 3 | 5 | 3 |
| Notes/sources | *Dec only [8] |
[citation needed] | [9] | [10] | [11] |
Note: *Passenger numbers and load factors are only published at Group level.
Head office
Fastjet Tanzania maintains a head office in Samora Avenue, Dar es Salaam, Tanzania.[12][13]
Destinations
As of March 2018, Fastjet Tanzania served the following destinations:[14]
| Base | |
| Future | |
| Terminated route |
| City | Country | IATA | ICAO | Airport |
|---|---|---|---|---|
| Arusha and Moshi | Tanzania | JRO | HTKJ | Kilimanjaro International Airport |
| Dar es Salaam | Tanzania | DAR | HTDA | Julius Nyerere International Airport [Base] |
| Entebbe | Uganda | EBB | HUEN | Entebbe International Airport (ended 3 December 2016) [15] |
| Harare | Zimbabwe | HRE | FVHA | Harare International Airport |
| Johannesburg | South Africa | JNB | FAOR | OR Tambo International Airport (ended 15 January 2017) [16] |
| Kigoma | Tanzania | TKQ | HTKA | Kigoma Airport[17] |
| Lilongwe | Malawi | LLW | FWKI | Kamuzu International Airport (ended 8 February 2016)[18] |
| Lusaka | Zambia | LUN | FLKK | Kenneth Kaunda International Airport |
| Mbeya | Tanzania | - | HTGW | Songwe Airport |
| Moroni | Comoros | HAH | FMCH | Prince Said Ibrahim International Airport[19] |
| Mwanza | Tanzania | MWZ | HTMW | Mwanza Airport |
| Nairobi | Kenya | NBO | HKJK | Jomo Kenyatta International Airport (ended 3 December 2016)[20] |
| Zanzibar City | Tanzania | ZNZ | HTZA | Abeid Amani Karume International Airport[21] |
Cargo
Fastjet signed an agreement with one of Africa's largest cargo operators, BidAir Cargo, to carry cargo on its fleet of Airbus A319s.[22]
Fleet
The Fastjet Tanzania fleet included the following aircraft as of June 2017:[10]
| Aircraft | In service | Orders | Passengers | Notes |
|---|---|---|---|---|
| ATR 72-600 | — | 3[citation needed] | 70 | |
| Embraer 190 | 2 | — | 100 | June 2019 |
| Total | 2 | 3 | ||
See also
References
External links
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