African low-cost carrier (LCC) fastjet narrowed its net losses in 2015, recording a deficit of $16.9 million compared to its $58.5 million loss a year earlier. It achieved the result on revenue on continuing activities up 21% to $65.1 million, up from $53.8 million for the year-ago period. Passenger numbers rose 32% to almost 788,000 in 2015. The improved figures failed to satisfy major shareholder Stelios Haji-Ioannou, who has been waging a running battle with the airline’s ...

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