they said if no clearance is awarded to Fastjet in this month a revoke of licence will be issued since BASA Agreement between Kenya and Tanzania will be violated!
image27
image28

| Month ending | January 2015 | January 2014 | Change |
| Passengers Note 1 | 55,695 | 31,258 | 78% |
| Load Factor Note 2 | 69% | 60% | +9pp |
| Rolling 12 months ending | January 2015 | January 2014 | Change |
| Passengers Note 1 | 621,656 | 370,835 | 68% |
ndo maana wame-ban shuttle sasa najua Nyang'au kabanwa kila kona! :lol: MK254, sam999, NairobiWalker, DhuksActually Kenya/KCAA use delaying tactics to Fastjet, imagine most of us (DAR-NRB frequent travellers) we r forced to fly from Dar to KIA early bird FASTJET flight then catch Shuttle to Nairobi to avoid hefty 450 USD return KQ ticket (DAR-NRB-DAR)
ndo maana wame-ban shuttle sasa najua Nyang'au kabwana kila kona! :lol: MK254, sam999, NairobiWalker, Dhuks
[h=1]Aviation: Fastjet hopeful of funding[/h]November 17 2014 at 08:00amDid the quasi tanzanian shareholders get real shares?
Aviation: Fastjet hopeful of funding
November 17 2014 at 08:00am
By Reuters Comment on this storyBUDGET airline, fastjet, expected to secure funding for its operations early next year, it said on Friday, and that it had received permits to operate flights in Zambia. It also said it had agreed to sell a stake in its Tanzanian airline fastjet Tanzania to local shareholders by issuing shares to a holding company controlled by four Tanzanian investors. The shares are to be held in the holding company, called fastjet International, pending their sale to local investors at a price and time to be decided by fastjet. The agreement is part of fastjet's strategy of operating airline companies in African countries that are partly owned by local investors. Fastjet said it was in talks with potential investors, including industry partners and specialist African investors, for the funding. – Reuters
Aviation: Fastjet hopeful of funding - Business News | IOL Business
That was in November and Fastjet agreed meaning they was an application by Tanzanians to own the stake! Ufiche upumbavu wako!
Fastjet Press Release 14 Nov. 2014 said:The Company is pleased to announce it has signed an agreement to enable Tanzanian participation in the ownership of fastjet Airlines Limited, its Tanzanian based airline (fastjet Tanzania ). fastjet Plc and fastjet Tanzania today entered into an agreement with Enterprise Growth Market Advisors Limited ( EGMA ) for the purpose of selling an interest in fastjet Tanzania to Tanzanian investors. As part of that agreement, fastjet Tanzania today issued 835 shares in its share capital (the Tanzania Shares ) to fastjet International Limited, a company incorporated in Tanzania (fastjet Holdco ), which is in turn is owned by four Tanzanian nationals including Ami Mpungwe, George Carmichael Theobald, John Corse and Sophia Rwegellera (the Tanzania Shareholders). fastjet Tanzania also issued a further 17 shares in fastjet Tanzania to each of Ami Mpungwe and Lawrence Masha, the two Tanzanian non-executive directors of fastjet Tanzania, being 34 shares in total and representing 2% of its enlarged share capital.
The issue of these shares, which were issued nil paid , brings the total Tanzanian legal and beneficial ownership of fastjet Tanzania to 51%.
Under the terms of the arrangement, the Tanzania Shareholders have agreed to sell their interest in fastjet Holdco and/or fastjet Tanzania to such Tanzanian investors (Subsequent Tanzanian Investors), at such price and on such terms as may from time to time be specified by fastjet Plc (the Placing Arrangements ). Each of the Tanzania Shares (and the shares held by them in fastjet Holdco) which has not been transferred by the Tanzanian Shareholder to a Subsequent Tanzanian Investor is at all times subject to a call option in favour of fastjet Plc for the sum of USD 0.01 for each of the Tanzania Shares.
Quasi shareholders, they put up zero capital, they had to sign that they will sell their shares to real shareholders who will put in money later, they have zero voting power in the board(a special company called fastjet international was created and given 51% shares of fastjet tanzania on condition), hii ni kufungwa macho na statement la local shareholding. I'll quote verbatim whats being reported;
fastjet Strategic Update - Financial News - Investor News - Corporate - fastjet
Only Geza buys that this deal means fastjet is 51% locally owned, wake up from your slumber, read the fine print and stop deluding yourself
Interesting! I've always found it funny how the language changes fast here. Fastjet is considered a "locally owned" but UK registered airline but KQ/KCB/Scangroup/Equity/Resolution/Britam/CBA/NMG/EABL/Brookside/Jubilee are all "foreign" owned but Kenyan registered companies that operate in East Africa.
You just mentioned all the big (significant)
Kenyan Companies ..and sadly you're wrong, most from your list are locally owned.Wacha story za bar na za chini ya mnazi.