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fastjet signs LOI for Airbus A319

fastjet has signed a Letter of Intent (LOI) for the purchase of an Airbus A319 aircraft.The A319 is estimated to be ready to enter into service by the end of September 2015 and will be the first aircraft in fastjet Zambia’s fleet.Ed Winter, fastjet’s CEO, remarked, “Following our recent announcement of the fourth and fifth aircraft joining our fleet, the addition of this owned aircraft by the end of September will see the fleet double in size to six once each of these aircraft are operational. “Each additional aircraft is able to make up to 1,000 more seats per day available to fastjet’s customers. Based on the 75% load factors currently being projected by fastjet, each aircraft in the fleet is projected to carry approximately 275,000 passengers per annum. Our successful fundraising in April 2015 was, in part, to fund the acquisition of aircraft. We conducted an extensive review of available aircraft and I am delighted to announce this milestone event,” Winter continued.

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