Fastjet auditors sound alarm as losses mount; may sell Fly540 stakes
Credit: Courtesy, Fastjet
Fastjet is considering reducing its stakes in Fly540 Tanzania and Fly540 Ghana after posting a $56 million net loss, triggering a warning from auditors over the company’s future. During the 18 months ended Dec. 31, 2012, Fastjet burned $19.9 million in cash. Revenues for the period totaled $21.1...
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