Fastjet, the aspiring pan-African budget airline, has increased its presence in SA and Southern Africa through a brand-licensing agreement with Federal Airlines in SA and Solenta Aviation in Mozambique.
Travel industry publication, Travel Meetings & Buyer, reports that the airline has moved its head office from London to SA.
On Friday, holding company fastjet plc informed its shareholders on the London Stock Exchange’s Aim exchange that it had raised $28m in a share placement and had agreed to a further $44.2m subscription with Solenta Aviation, bringing the company’s capitalisation to about $50m.
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