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Fastjet could face shut down after 1 week due to financial crisis


Devdiscourse News Desk Last Updated at 07-12-2018 19:02:48 IST
Fastjet could face shut down after 1 week due to financial crisis
  • Fastjet said discussions with stakeholders so far had been positive, but there is no guarantee of a successful outcome.

Low-cost African carrier Fastjet Plc said it was capable of operating for another seven days, after the troubled airline planned for additional funds and equity refinancing in November to raise its equity capital by at least $40 million.

Fastjet said discussions with stakeholders so far had been positive, but there is no guarantee of a successful outcome.

(With inputs from agencies.)


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