13-Nov-2012 3:05 PM

FastJet raises USD2.4m from share issue

FastJet announced (12-Nov-2012) it raised USD2.4 million from a placement of new ordinary shares. FastJet executive chairman David Lenigas said, "These additional funds will be deployed in assessing an earlier than expect [sic] opportunity open to FastJet to interact with the Southern African market place and progressing with the opening of further operational hubs for the FastJet network across Africa." Following the share placement, Lonrho's share in the airline reduced from 67.4% to 65.8%. [more - original PR - FastJet] [more - original PR - Lonrho]