Fastjet, which has warned it might not survive without equity fundraising, is in the process of selling off the company’s stake in its loss-producing LCC Tanzanian subsidiary, according to local media reports. In a Nov. 9 London Stock Exchange funding update, the airline said operations would continue in November “due to some improvement in trading, cash generation and internal efficiencies.” The company had previously said operations could cease by the end of October. As ...


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