FN FTZ AOC # 038 Founded 2011 Parent organizations Fastjet, Fastjet Zimbabwe | FTZ GREYBIRD Destinations 8 Fleet size 4 | |
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Commenced operations 29 November 2012 as Fastjet Tanzania Operating bases | ||
Fastjet Airlines Limited (Tanzania), also known as Fastjet Tanzania, is a low-cost airline that operates flights under the fastjet brand in Tanzania. The airline was founded in 2011 as Fly540 Tanzania, but through the acquisition of Fly540 in 2012, it was rebranded as Fastjet Tanzania. It is based in Dar es Salaam. The airline carried more than 350,000 passengers in the first year of operations and sold one million seats by December 2014.
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History
Fastjet Tanzania was founded in 2011 as Fly540 Tanzania, a subsidiary of Kenya-based Fly540. Using a Bombardier CRJ100 and a Dash 8-100, it flew to eight destinations in Tanzania and two in Kenya.
In June 2012, Fly540 was acquired by Rubicon Diversified Investments, which intended to merge all of Fly540's operations into its new venture Fastjet. Fly540 Tanzania suspended operations on 13 October 2012 before being rebranded as Fastjet Tanzania.
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. It currently (August 2015) has domestic routes operating linking Dar es Salaam with Mwanza, Kilimanjaro and Mbeya, and four international routes from Dar es Salaam to Johannesburg, Harare, Entebbe, Lilongwe and Lusaka.
Ownership
Fastjet Tanzania is 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 brings the total Tanzanian legal and beneficial ownership of fastjet Tanzania to 51%.
Business trends
Fastjet Tanzania began trading on 29 November 2012, and financial results have been incorporated in the Fastjet Plc group accounts. Some information has been made available for the Tanzanian operation (as at year ending 31 December):
Head office
Fastjet Tanzania maintains a head office in Samora Avenue, Dar es Salaam, Tanzania.
Destinations
As of 3 December 2016, Fastjet Tanzania serves the following destinations:
Cargo
Fastjet has signed an agreement with one of Africa’s largest cargo operators, BidAir Cargo, to carry cargo on its fleet of Airbus A319s. Fastjet has sufficient capacity to accommodate the carrying of cargo on its Tanzanian routes
Fleet
The Fastjet Tanzania fleet includes the following aircraft as of June 2016:
There are plans for further A319s to be acquired as the network expands.