Africa News: Budget Carrier Fastjet Halts Flights, Warns on Funds

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Low-cost carrier Fastjet Plc said it’s suspending commercial flights in South Africa and Zimbabwe due to the pandemic, jeopardizing negotiations to raise emergency funds through a disposal.

The shares skidded after Fastjet said talks to sell a stake in its Zimbabwe operation are on hold until it’s clear how long extended lockdowns will last. An investor group including Solenta Aviation Holdings Ltd. and Zimbabwean investors has expressed…

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