Fastjet, operating in Southern Africa, expects profits in 2019

Nico Bezuidenhout. Picture: FREDDY MAVUNDA

The airline, which operates in SA, Mozambique and Zimbabwe, has faced numerous issues related to its dwindling cash pile and was saved from going under after striking a deal to raise funds late in 2018. Future profitability depends on currency stability in Zimbabwe, where President Emmerson Mnangagwa is trying to repair an economy ruined by hyperinflation and a long succession of failed economic interventions.

The company had an operating loss from continuing operations of $41.2m in 2018. The company is valued at £61.8m as of Wednesday.

If “Aviation is a dragon slayer” is FastJet the dragon? 🧐

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