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First African low-cost airline fastjet on the brink of bankruptcy

Posted: Fri Jun 29, 2018 9:17 am
by howie
African low-cost airline fastjet is on a nosedive and on the brink of bankruptcy, several media reported today. The ailing airline is in active discussions with its major shareholders regarding a potential equity fundraising, in the absence of extra fundings the airline is at risk of not being able to continue trading as expected.

On 18 June 2018 the company had a cash balance of $3.3 million.

Re: First African low-cost airline fastjet on the brink of bankruptcy

Posted: Fri Jun 29, 2018 2:06 pm
by Bell 407
howie wrote:
Fri Jun 29, 2018 9:17 am
On 18 June 2018 the company had a cash balance of $3.3 million.
:yikes: