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,” ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Africa‚Äôs Fastjet Continues Ops, But Cash Is Running Out".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.