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Oct 3 (Reuters) - Fastjet Plc
* Consideration is being satisfied in cash for usd8.0 million with a 10% deposit payable on signature of agreement and balance on delivery.
* Sale of our airbus a319 is an important step in our stabilisation plan and our move towards a more appropriate size of fleet
* Entered into a binding sale agreement with avtrade limited, of its sole owned airbus a319
* Included in agreement is an option to continue to operate aircraft from oct 3 to oct 17 2016 with a reduction in proceeds of $200,000 for a usage of up to 100 cycles. Source text for Eikon: Further company coverage: (Reporting By UK Bureau)