Johannesburg-based Solenta Aviation Holdings is to acquire 28% of African low-cost carrier (LCC) fastjet as part of a $48 million equity deal, which is expected to be finalized Jan. 24. Under the agreement, which is subject to fastjet shareholder approval Jan. 23, Solenta will receive 95.6 million fastjet shares, worth $19.2 million, and two board nominations. In return, Solenta will provide fastjet with three wet-leased aircraft and other services over the next five years. Solenta ...

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