RE: Fastjet: "Fundraising", "on target"29 Sep 2017 11:53
Sept 29 (Reuters) � African budget airline Fastjet Plc said on Friday it would raise not less than $44 million, in part through a placing, to fund expansion in South Africa and Mozambique.
Fastjet plans an accelerated bookbuild to raise gross cash proceeds of $28 million and would sell 60 million shares to Solenta Aviation Holdings Limited to raise $16.2 million.
The company also said that it had entered into a brand licence agreement with privately-held Federal Airlines and Solenta Aviation Mozambique Ltd. ...