African low-cost carrier fastjet will cut its fleet from six to five aircraft, with the early return of one of its Airbus A319s, as it works to match its fleet to market conditions.
“Further to the trading and operational update in March 2016, and as part of the company’s ongoing review of its routes and fleet in order to match current demand with capacity, fastjet has agreed the early termination of the lease on one of its A319 aircraft. The aircraft, which was scheduled to come to the end of its lease term in October 2016, will come out of service immediately,” fastjet said in a stock exchange disclosure dated April 29.
Over the past year, fastjet has been through a rapid fleet ramp-up, doubling the number of aircraft from three to six. This growth was partly to support the launch of fastjet Zimbabwe, which is now operational, and its next venture that is taking shape in Zambia.
Fastjet said the board will continue to keep the fleet size under review.
Following the A319 return, fastjet will operate four leased and one owned aircraft. One of the leased aircraft will come to the end of its term in the fourth quarter of 2016.