Fastjet raises funds through shares sales

The funds will provide sufficient capital to finance the operator for the next year, whilst management will continue with its cost reduction programme.

 

"A more flexible approach to the traditional low cost carrier model will also be employed. Better alignment of the Company’s infrastructure and fleet to its stage of development and ensuring overheads are appropriate for the size of Fastjet’s operations is essential, in the Board’s opinion, to achieving the desired improvement in cost management," said a representative from the carrier.

 

The carrier also plans to introduce distribution via a Global Distribution System (GDS) to increase sales.