Fastjet progress

Fastjet stated this week that a poor financial performance in 2015 had overshadowed its progress. Revenue grew 21 per cent to $65.1m (£45.1m) from $53.8m in 2014. The company narrowed its post-tax loss for the year to $16.9m from $58.5m. Fastjet also reported an increase in its cash balance at year end to $28.9m from $1.4m at the end of the previous year. In fact the airline plans to fly to at least four domestic destinations in Kenya if it receives the final clearance from the aviation regulator. According to a notice by the Kenya Civil Aviation Authority (KCAA), Fastjet