Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,621.48
    -962.82 (-1.87%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Fastjet says discussions with investors, creditors continuing

Reuters - UK Focus

LONDON, Nov 9 (Reuters) - Struggling African budget airline Fastjet (LSE: FJET.L - news) said discussions with shareholders and creditors were continuing, describing them as "constructive" in its efforts to raise new funds or ease repayments to continue trading as a going concern.

Fastjet warned at the end of October that it needed to boost its finances within days to survive.

The airline, which has large operations in Tanzania, said it was able to continue operating during November due to some improvement in trading and internal efficiencies.

"Whilst discussions to date with certain shareholders and creditors have been positive, discussions are ongoing and there can be no guarantee of a successful outcome," Fastjet said in a statement on Friday.

It said that further announcements would be made as appropriate. (Reporting by Sarah Young, Editing by Paul Sandle)