Fastjet said would raise 19.2 million pound through share issue

The African airline Fastjet Plc (FJET.L) said it would raise up to 19.2 million pound through a 

share issue. 

Fastjet said it would issue the shares at 50 pence each, 

a premium of 116 percent to the stocks. 

The carrier  share jumped high nearly 

57 percent to 35.9 pence at 

London Stock Exchange. 

The new Chief Executive Nico Bezuidenhout

said will start business review in 

August after stating work.

Fastjet also facing tough conditions in its hometown Tanzania and it intends to 

break even on cash flow by the 

end of 2017.