African LCC Fastjet has managed to extend its funding deadline past October, but needs to raise cash and reach creditor agreements in the coming days to continue operations. Fastjet—which has airlines in Tanzania, Mozambique and Zimbabwe—announced in late September it would need a further cash infusion by the end of October to continue operations. In a funding update issued on Oct. 31, Fastjet said it had seen “some improvement in trading and cash generation,” ...


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