The carrier said last month (September 26) it would need to find additional funding by the end of October to keep flying.
In an update issued to the stock exchange on Wednesday morning (October 31), Fastjet said it would be able to continue operating beyond the end of October “due to some improvement in trading and cash generation”.
However, the airline warned it nonetheless still needed to reach an agreement with its key creditors “in the coming days” or cease trading.
The company continues to review its current cash requirements and is able to continue operating beyond the end of October due to some improvement in trading and cash generation,” it said.
