Africa’s Fastjet: We Need More Cash To Keep Operating

Credit: Rob Finlayson
African LCC fastjet said this week it will require a further cash injection from shareholders by the end of October to continue operating. It is also considering pulling out of its Tanzanian operations, following persistent losses, perceived fare-undercutting by rivals and what it described as...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.