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BUZZ-Fastjet: soars as co to raise cash, outlines path to cash-flow breakeven

Reuters - UK Focus

** African budget airline Fastjet (LSE: FJET.L - news) shares up 56 pct; best day since Sept. 2013

** Co says to raise 19.2 mln stg through issue of new ordinary shares at premium of about 116 pct to July 20 closing price

** Co, which is facing tough conditions in its home market of Tanzania, intends to break even on cash flow by end 2017

** About 4 times 30 day average volumes traded by 1144 GMT

** Up to Wednesday's close, stock had fallen 67.2 pct YTD vs an 8.2 pct fall in the FTSE AIM Travel and Leisure index (RM (LSE: RM.L - news) :sanjeeban.sarkar.thomsonreuters.com@reuters.net)