Financial Vise Tightening At Fastjet

Credit: Fastjet
Fastjet’s co-founder and second largest shareholder, Stelios Haji-Ioannou, fears the African LCC is burning through too much cash and is said to want the departure of CEO Ed Winter. “At the current cash-burn rate, we believe the company will run out of cash sometime in 2016. We now have about six...

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