Oct 3 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
* 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.
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(Reporting By UK Bureau)