African LCC fastjet has until Dec. 14 to solve its financial problems or face the prospect of going out of business. The cash-strapped airline has faced persistent money problems. In June 2018, the company staved off a cash crunch by raising $7 million through a share issue, while its largest existing shareholder, South Africa’s Solenta Aviation Holdings, agreed to subscribe for a further $3 million of shares. The airline believed this would suffice until the end of 2018. However, ...

Subscribe to Access this Entire Article

"Fastjet faces new funding deadline Dec. 14 " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.