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Home Aviation fastjet ends funding to fastjet Tanzania

fastjet ends funding to fastjet Tanzania

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1 min read

fastjet has announced that it is no longer able to continue funding one of its airlines, fastjet Tanzania Limited due to regulatory approval delays, excessive capacity leading to unsustainable pricing levels and a domestic economic slowdown severely impacting demand.

fastjet Zimbabwe together with fastjet Mozambique (operated by Solenta Aviation Mozambique) is economically stable and will continue operating. The company said its full focus will continue to be dedicated to growing and reinforcing these markets, whilst pursuing new market opportunities.

Nico Bezuidenhout, fastjet CEO, said: “The past few days have probably been some of the most challenging times in fastjet plc’s history with some of the toughest decisions having been taken by management and the Board.”

He added a message to the trade: “On behalf of fastjet I would like to thank you for the level of support that you have shown our company and I remain confident and invested in the business development for Mozambique and Zimbabwe. We look forward to your continuous support.”

Dorine Reinstein
Dorine Reinstein
Dorine Reinstein is a seasoned travel writer and editor, who is passionate about retail travel as well as inbound tourism. She has written for award-winning publications. Dorine has completed her Honours Degree in English and Dutch Literature in Belgium as well as her Honours Degree in Drama in France. When moving to South Africa, she obtained her Advanced Journalism Diploma in Johannesburg. She has a knack for languages and can write effortlessly in English, Dutch and French.

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