FastJet - LCC airline featuresASSIGNMENT 3 – AIRLINE MANAGEMENT

Maxim RoelenOzyegin University

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

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

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

Atypical features

Free airport check-in

40 minute turnaround, longer than European LCC standards

Use of ‘secondary airports’ not applicable to Africa

Source: Fastjet