In March 2018, East African low-cost airline Fastjet was bullish about its freshly launched business in Mozambique; in five months, the airline had achieved “strong load factors” on its initial routes between Maputo and Beira, Nampula and Tete. But just over a year later, Fastjet says its [...]
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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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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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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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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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