Fastjet falls as it admits it needs to raise new funds

Discussion in 'Market News' started by Lily, Jun 28, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    African budget airline wants fund for essential working capital

    Airlines have come under pressure after the Brexit vote, with downbeat statements from both International Airlines Group and easyJet.

    Now African budget airline Fastjet has revealed its own particular troubles, announcing it needed to raise new funds to provide essential working capital and make the necessary changes to its business. It hopes to complete the fund raising next month.

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