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*Fastjet To Sell Zimbabwe Business To South African Airline For US$8m* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ns Budget airline FastJet Group has announced that it’s selling its Zimbabwean business. Fastjet Zim will be bought by a consortium led by its major shareholder Solenta Aviation for US $8 million. Some Zimbabweans as said to be part of the consortium. Said Fastjet in a notice: ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/263715068543 Calls: 0772464000 ---------- > “fastjet Zimbabwe has increased its year on year revenue despite the difficult trading conditions following the introduction of a new currency which effectively devalued the existing currency by up to 15 times its previous value at official rates and has pushed inflation rates to above 200%,” Fastjet said if the restructuring plans do not pan out by the end of February, the Africa-focussed company would not be able to continue trading as a going concern. Fastjet Group would be given the option of returning as a shareholder by re-acquiring its stake in the Zimbabwean operation within three to five years. More: Flightglobal _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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