Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

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…



Source link

ACM
About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free