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What is FastJet about?

FastJet, a pan-African airline startup, saw its shares halve in value due to auditor warnings about unsustainable losses. However, strong sales growth in Tanzania and plans to expand to South Africa are helping the airline stay afloat. The CEO, Ed Winter, is confident that ongoing fundraising efforts will continue and that losses will reduce as the FastJet brand expands beyond its Fly540 subsidiary, which was underperforming. Winter hopes to launch international flights from Tanzania and domestic routes in

Author

MLR123

Language

EN