FASTJET, South Africa says without additional funding it will be forced to shut down at end of August; it has suspended operations through end of July and says it had unrestricted cash reserves of US$1m (US0.1m in Zimbabwe) at end of June.

Subscription Required


FASTJET is part of our SpeedNews subscription.

Subscribe now to read this alert, plus receive full coverage of key developments in commercial and business aviation.

Already a subscriber to SpeedNews or a content package that includes SpeedNews? 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.