Low cost airline
The Airline said further funding will be required by the end of
"The Disposal would be made in receipt of a consideration of approximately
"The Disposal, if agreed, approved and implemented, would be expected to de-risk the significant uncertainty and cash drain that shareholders have historically suffered and allow the Group to continue operating under a more stablised and simpler business model.
"This revised strategy allows the Group the opportunity to create a single fastjet brand throughout key markets in
The company however said the Group would be granted an option to buy back its shareholding in Fastjet Zimbabwe on the same divestment economics to which it would be sold, 3 to 5 years after the effective date of the sale.
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