Fastjet refutes recent Kenya reports

African no frills airline fastjet (LON:FJET) today issued a strong rebuttal to claims it still owes money to its Kenyan subsidiary Fly540 Kenya.

In a statement, fastjet said that it: “Categorically refutes claims made by Don Smith [Fly540 Kenya’s chief executive] regarding any unpaid consideration for the purchase of its interest in Fly540 Kenya and numerous other unsubstantiated claims made through the press in recent weeks."

Ed Winter, fastjet’s chief executive, added: “Where previously undisclosed historic debts accumulated by Don Smith and Fly540 have come to light post-acquisition, fastjet is working closely with creditors to reach a satisfactory conclusion for all parties involved.”

“These isolated issues are not affecting the day to day operations of fastjet or any of our operations in Angola or Ghana that fly under a separate Fly540Africa brand," he added.