Fastjet Archives

Business

12. December, 2018 0

Fastjet could go bust on Friday over Tanzanian aircraft

Fastjet could go bust at the end of this week if it cannot extricate itself from leasing agreements for its two aircraft in Tanzania after it decided to pull out of the country, Zitamar

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Daily Briefing

19. November, 2018 0

Zitamar Daily Briefing, 19 November

Welcome to Zitamar’s daily Mozambique briefing for 19 November, 2018. Agenda

Today: Meeting between Frelimo and a delegation from the Communist Party of Cuba, at Frelimo’s headquarters in Maputo
Today: Private business association CTA and [...]

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Daily Briefing

12. October, 2018 0

Zitamar Daily Briefing, 12 October 2018

Welcome to Zitamar’s daily Mozambique briefing for 12 October, 2018. Agenda

Today: [...]

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Business

27. September, 2018 0

New Fastjet funding crisis overshadows Mozambique expansion plans

Budget airline Fastjet is facing another funding crunch and may cease operating if it does not receive a cash injection from shareholders by the end of October, the company announced yesterday. The announcement, [...]

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Daily Briefing

11. September, 2018 0

Zitamar Daily Briefing, 11 September 2018

Welcome to Zitamar’s daily Mozambique briefing for 11 September, 2018. Agenda Today: Economic Briefing on…

Business

5. July, 2018 0

Mozambique airline running with delays as fuel suppliers demand payment

Mozambique’s national airline, LAM, is running an altered schedule after it couldn’t afford to buy fuel on Wednesday morning, leading it to cancel a number of flights. A recent history of non-payment has [...]

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Infrastructure

29. June, 2018 0

Fastjet raises $10m lifeline from major shareholders

Troubled African budget airline Fastjet today managed to raise $10 million from its main shareholders to enable it to continue trading as a going concern. On Thursday,

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Infrastructure

28. June, 2018 0

Fastjet faces shutdown over funding crisis

Budget airline Fastjet could cease trading as a going concern as it is burning through cash far faster than it is raising it - and millions of dollars remain locked up in Zimbabwe where they cannot be accessed due to a national cash crisis.

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Daily Briefing

4. June, 2018 0

Zitamar Daily Briefing, 21 May 2018

Welcome to Zitamar’s daily Mozambique briefing for 21 May, 2018. Agenda

Today: President Nyusi begins a four day visit to Sofala province

The latest from

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Transport

20. March, 2018 0

Mozambique’s LAM signs MoU with Fastjet, while Ethiopian Airlines circles

Mozambican state-owned airline LAM today signed a Memorandum of Understanding for “long-term commercial cooperation” with low-cost airline and recent entrant to the Mozambican market, Fastjet. The agreement, which Fastjet’s CEO Nico Bezuidenhout called “the first of its kind on the African [...]

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Intelligent news from Mozambique

Resource nationalism in Tanzania driving gas investors to Mozambique

Floods leave thousands homeless, and halt Vale coal exports from Tete

Frelimo holding company sells cement plant stake in $85m deal

Tongaat Hulett warns over $90m loss as Xinavane refinery start is delayed

Mozambique rescue efforts intensify as full scale of Idai tragedy unfolds

Mozambique seeks cancellation of loan guarantee in Credit Suisse lawsuit

Resource nationalism in Tanzania driving gas investors to Mozambique

Floods leave thousands homeless, and halt Vale coal exports from Tete

Frelimo holding company sells cement plant stake in $85m deal

Tongaat Hulett warns over $90m loss as Xinavane refinery start is delayed

Mozambique rescue efforts intensify as full scale of Idai tragedy unfolds

Mozambique seeks cancellation of loan guarantee in Credit Suisse lawsuit

Browsing: Fastjet

Fastjet could go bust on Friday over Tanzanian aircraft

Zitamar Daily Briefing, 19 November

Zitamar Daily Briefing, 12 October 2018

New Fastjet funding crisis overshadows Mozambique expansion plans

Zitamar Daily Briefing, 11 September 2018

Mozambique airline running with delays as fuel suppliers demand payment

Fastjet raises $10m lifeline from major shareholders

Fastjet faces shutdown over funding crisis

Zitamar Daily Briefing, 21 May 2018

Mozambique’s LAM signs MoU with Fastjet, while Ethiopian Airlines circles

Zitamar Daily Briefing, 20 March