African low-cost carrier (LCC) Fastjet recorded a group loss after tax of $72 million for the year ended Dec. 31, 2014, compared to a restated post-tax loss of $55.2 million for the preceding year. Revenue reached $53.8 million, sharply up against last year’s restated figure of $26.1 million. Fastjet, which aims to become the first pan-African low-cost carrier, has made a loss since starting operations in 2012. However, according to interim chairman Clive Carver, the company’s ...

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