African LCC fastjet has raised $10 million from investors, staving off imminent financial collapse after the airline warned last week that it might not survive without a further round of equity fundraising. Fastjet said it was in talks with shareholders, but if unsuccessful the company might not survive as a going concern. At one point in June, cash reserves had shrunk to $3.3 million, of which $1.75 million was restricted in Zimbabwe. However, on June 29 the LCC said it had placed more ...

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