The company, which is yet to report an annual profit and lost 16.9 million pounds ($22 million) in 2015, said in June it remained cash flow negative. It raised 15.2 million pounds in a share sale last month to cover working capital. The shares have dropped 64 percent this year in London. The initial batch of Embraer planes will be taken on so-called wet-lease terms, including pilots, cabin crew and maintenance staff, so that they can start flying immediately. Bezuidenhout said he plans to replace them, probably with aircraft of the same type, on standard leases and manned by Fastjet employees by April. I can get wheels on the ground now, he said. Every flight that takes off that you are only selling half the seats, you are losing money. Load Factor Boost The switch from A319s should lift Fastjets load factor from the 47 percent reported in June to above 70 percent, Bezuidenhout said. While thats a healthier occupancy level, the majority of the worlds low-cost airlines prefer the greater efficiencies of Airbus and Boeing jetliners. Many costs also remain fixed whatever the size of plane. Bezuidenhout is also making changes to Fastjets route network, cutting frequencies on the route from the Tanzanian city of Dar es Salaam -- its main operating base -- to Zanzibar, and replacing a daily flight from Dar es Salaam to Nairobi, Kenya, with a twice-weekly service from Nairobi to Kilimanjaro.
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"All measuring equipment is designed to record in metric," says its president, Nick Catt. "If you want to be a manufacturing country and want to have a strong connection with Europe, then you have to follow the European norms and rules. "Otherwise it would be chaos and it would be consumers who lose out." 'Impractical' Having a dual system of metric and imperial would, he says, involve a "phenomenal" cost to retailers, which would inevitably be passed on to customers - an outcome at odds with the deregulatory impetus behind Brexit. "It would just not be practical," Mr Catt says. "You would have to teach kids in schools what pounds are. "We are talking about an era that is gone, and we can't turn the clock back that far." The act of Brexit, in and of itself, will not see "lb" signs springing up all over the UK. For that to happen, Parliament would need to repeal the current regulations, dating back to the mid-1990s, obliging traders to sell their products in metric weights. Image copyright Getty Images Image caption Babies' birth weights are commonly announced in pounds and ounces As far as the government is concerned, such a change is not on the horizon while it focuses on reassuring investors the UK is open for business globally after the Brexit vote. "Businesses can already use imperial units alongside metric, or on their own for draught beer and cider, bottled milk and road traffic signs," a spokesman for the Department for Business, Energy and Industrial Strategy said. "This is national legislation and there has been no change to the law since the referendum result." While the issue is unlikely to be the first port of call for MPs as they seek to decouple the UK from 40 years of EU-related legislation over the coming years, there is a body of opinion within Parliament that would support such a move.
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