Africa’s Solenta Aviation acquires 28% of FastJet
Johannesburg-based Solenta Aviation Holdings is to acquire 28% of FastJet as part of a US$48m equity deal, which is expected to be finalised Jan 24. Under the agreement, which is subject to FastJet shareholder approval Jan 23, Solenta will receive 95.6m FastJet shares, worth $19.2m, and 2 board nominations. In return, Solenta will provide FastJet with 3 wet-leased aircraft and other services over the next 5 years. Solenta operates a fleet of 49 aircraft. It is a commercial aviation group that holds 5 African AOCs and has strategic alliances, or AOCs pending, in an additional 7 African countries. FastJet will list a total of 239,082,993 shares on the London Stock Exchange Jan 24, raising $19.2m from the Solenta agreement and $28.8m from other related transactions. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-06/unaligned/africa2019s-solenta-aviation-acquires-28-of-fastjet
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Africa’s Solenta Aviation acquires 28% of FastJet
Johannesburg-based Solenta Aviation Holdings is to acquire 28% of FastJet as part of a US$48m equity deal, which is expected to be finalised Jan 24. Under the agreement, which is subject to FastJet shareholder approval Jan 23, Solenta will receive 95.6m FastJet shares, worth $19.2m, and 2 board nominations. In return, Solenta will provide FastJet with 3 wet-leased aircraft and other services over the next 5 years. Solenta operates a fleet of 49 aircraft. It is a commercial aviation group that holds 5 African AOCs and has strategic alliances, or AOCs pending, in an additional 7 African countries. FastJet will list a total of 239,082,993 shares on the London Stock Exchange Jan 24, raising $19.2m from the Solenta agreement and $28.8m from other related transactions. <br/>
