25th Mar 2019 15:06
LONDON (Alliance News) - Fastjet PLC on Monday said it further extended the terms of two loan agreements with Annunaki Investments Private Ltd and SSCG Africa Holdings to June 30.
The unsecured loans, signed by the company in June 2018 in order to free up some of its restricted cash held in Zimbabwe, were due for repayment at the end of March after having been extended from a previous deadline set for December 2018.
Besides the repayment date extension, all other terms of the loans remain unchanged.
Shares in the African budget airline were trading down 5.3% at 1.35 pence each on Monday afternoon.
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