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Fastjet CEO says new funds will help ‘fulfil expansion plans’

Ed Winter, chief executive of fastjet (LON:FJET), says the company’s latest fundraising is all about taking the venture forward now that it has the foundations in place.

The low-cost airline has managed to drum up £50mln from a placing with new and existing investors to fund its expansion across Africa. 

Winter tells Proactive Investors how the group goes about expanding its fleet and says fastjet is now ready to take advantage of the market. He says the target over the next three and a half years is to try to capture around 1% of the population of the six countries it has chosen to operate in.

Quick facts: Fastjet PLC

Price: 0.225 GBX

AIM:FJET
Market: AIM
Market Cap: £8.55 m
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