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they couldnt sell them fast enough from 20% to 5% still milions to go ask the question why are they bailing out because fjet can go to admin anytime its bankrupt
Look!! Your not allowed to talk sense on here, theY will just say your a fool!! Have to say I totally agree but the idiots have taken over !!
M&g are an asset manager company that uses other people's money to invest with.
If it were their own money then they'd still be invested like Solenta.
I'm using my own money here so I'm not forced by other parties to sell.
We'll soon see as we're in the last week of June and due an update as stated.
Friday should be very interesting with the seller cleared by midday.
If Fastjet were going bust, why would they announce new routes during lockdown??
16 Apr 2020 // Airline Analysis // Comments OFF
fastjet to start two new routes from Zimbabwe this July
fastjet to start two new routes from Zimbabwe this July (2)
fastjet, which now revolves around Zimbabwe and South Africa, will begin two more routes this July from Victoria Falls.
fastjet is to begin two new routes from this July: Victoria Falls, Zimbabwe, to both Bulawayo, Zimbabwe, and Nelspruit, South Africa. Nelspruit is a new airport for the carrier. While Victoria Falls – Bulawayo has had Air Zimbabwe for many years, Victoria Falls – Nelspruit is a new route. According to OAG Traffic Analyser, which uses MIDT data, only 2,400 flew Victoria Falls – Nelspruit last year, but it will, of course, be stimulated from non-stop service and lower fares. Fellow African airline, FlySafair, also announced a new route this week.
https://www.anna.aero/2020/04/16/fastjet-to-start-two-new-routes-from-zimbabwe-this-july/
Update is due by month end. I would expect to see something Monday morning. Interesting few days ahead! GLA
Tex
OMG solenta business is aviation they have everything to gain if fastjet go bust. They are only investors by default through all the money they have lent fastjet. That’s a big difference between a lender and an investor. M&G had no security for its money invested so it’s getting out ASAP
NEW ROUTES these are only if it gets funds.... chicken and egg situation. How many routes and paid tickets were there when Flybe or for that matter any other airline when they went bust. Your clutching at fresh air. The director has told you he sees no reason for the share price increase
Yawn. Usual baseless comment from breakfree.
We know the company needs funding to survive. Plenty of noise out there that FJET will be a going concern post covid. Great entry price for a short to medium term profit.
Try harder.