Fastjet in talks to sell Zimbabwe operations for much-needed cash
The low-cost carrier is looking to sell part of the business to a consortium led by its biggest shareholder Solenta Aviation for $8m
27 November 2019 - 16:21
Bengaluru — Fastjet said on Wednesday that it is in talks to sell its Zimbabwean operations to a consortium led by its biggest shareholder Solenta Aviation for $8m, a deal which could help the SA low-cost carrier stay alive until 2021.
The company, which saw its shares plummet 32% to a record low after the announcement, said it is also in talks with some of its major shareholders for a cash call...
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