Stelios demands detailed figures from Fastjet amid fears the Africa-focused airline is on the brink of going bust

Stelios Haji-Ioannou made an extraordinary list of demands from Fastjet amid fears the airline could be about to go bust. The entrepreneur, who owns a 12% stake in the airline, demanded it publish immediately passenger numbers after he claimed planes were only 10% full. He also wants ‘detailed month by month cash flow forecasts’ citing concerns about the risk of it going insolvent in the next few months. The carrier has struggled after telling investors earlier this month that earnings would be well ‘below market expectations’ – its third profit warning in less than a year – and that it would slump into the red. Haji-Ioannou said he is concerned a move by Fastjet to stop publishing passenger numbers 4 months ago could be in breach of its licencing agreement with EasyGroup. <br/>