×
The Standard e-Paper
Stay Informed, Even Offline
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
(Reuters) - Low-cost African airline Fastjet, which said in September it needed more cash within a month to continue operating, announced a fundraising and equity refinancing aimed at increasing its equity base by at least $40 million.
Fastjet, whose shares lost more than half their value after September’s announcement, said the steps would significantly reduce its debt and provide the company with working capital until the end of 2019.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join