Fastjet facing aircraft repossessions

Avmax Aircraft Leasing has informed FastJet that it is removing the registration of three of its aircraft leased by FastJet’s Tanzanian operation, Fly540, due to a “continuing default”. FastJet has denied it owed Avmax anything: “There has never been a contractual arrangement between Avmax and FastJet plc and therefore FastJet plc does not owe any money to Avmax. Don Smith, through Fly540 in East Africa entered into contractual relationships with Avmax and under these commercial arrangements owes money to Avmax for unpaid aircraft lease rentals and maintenance reserves.” Don Smith denies this: “The admission document for the listing of Fastjet