Older than 7 days

Fastjet sells key part of its business

Fastjet Airbus A319
Fastjet Airbus A319, © Fastjet
LONDON - Fastjet said on Wednesday it is in talks to sell its Zimbabwean operations to a consortium led by its biggest shareholder Solenta Aviation for $8 million.

The deal which help the South African low-cost carrier stay alive until 2021. The company, whose shares plummeted 32% to a record low after the announcement, said it was also in talks with some of its major shareholders for a cash call.

Fastjet said if the restructuring plans do not pan out by the end of February, the Africa-focussed company would not be able to continue trading as a going concern.
© Reuters, | 28/11/2019 14:21

Comments (0) Go Home

To write a comment, please sign up at or log in.



Discussions on current events and developments in the aviation industry

Pilot Jobs at " by SkyTest®"

Special: Flight Training

Most Read Passenger Experience

There are new
stories at

Reload main page