IN BRIEF: FastJet Says Solenta A Related Party In Eight Contracts

Fastjet PLC - budget African airline with headquarters in Johannesburg - A total of eight ...

Alliance News 10 July, 2020 | 9:48PM
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Fastjet PLC - budget African airline with headquarters in Johannesburg - A total of eight contracts involving substantial shareholder Solenta Aviation Holdings Ltd have been identified as related party transactions under AIM rules that were not previously identified as such. Solenta is a Maltese-registered holding company for a number of African airline and maintenance investments and provides aviation-related services to FastJet. The eight contracts included a facility agreement and related contracts announced January 2017; an aircraft maintenance services agreement signed in June 2019; an operational CMI services agreement amendment entered July 2019; and a supply of services agreement entered in November 2017. The other four contracts were a new supply of services agreement signed in April 2019, two aircraft heavy and base maintenance contracts, and a charter services contract signed in January 2020.

Current stock price: 0.16 pence

Year-to-date change: down 17%

By Anna Farley; annafarley@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
FastJet PLC 0.05 GBX 20.47 -

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