EasyJet Founder Increases Holding In African Low- Fare Start-Up Fastjet

Stelios Haji-Ioannou’s EasyGroup is increasing its stake in African low-fare carrier Fastjet from less than 3% to 5.81%, by converting licensing and consulting fees due until December 2013 into additional equity. “The roll-out of this embryonic operation from Tanzania to the rest of Africa will...

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