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