Fastjet Nears The Finish Line

Credit: Macabe5387, Wikimedia Commons, Airbus A319 of FastJet at Mwanza Airport after arriving from Dar es Salaam.
Tanzania-based Fastjet needs yet another injection of capital as it seeks to stabilize its business. The airline, which wants to become the first pan-African low-cost carrier, has never been profitable and last raised funds via a £15 million share offering in the summer. Now it says that “additional...

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