Fastjet raises £1.25mln

Low-cost airline fastjet’s (LON:FJET) rapid expansion has prompted the draw-down of a slug of money from its equity financing facility.

The company has received £1.25mln from Darwin Strategic, a subsidiary of Henderson Global Investors Volantis Capital, in return for 20.8mln fastjet shares priced at 6p each.

The transaction raises the number of fastjet shares in issue to 404.7mln.

The company released an interim results statement at the end of September that revealed its Tanzanian operations are now turning a profit.