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Discover the story of fastjet

Fastjet is a multi-award-winning African value airline that began flight operations in 2012. Its awards include Leading African Low-Cost Carrier World Travel Awards 2016, 2017, 2018, 2019 2020 and 2021, and Skytrax World Airline Awards Best Low-Cost Airline in Africa 2017 and 2019, and in the top ten finalists for 2021.

We continuously strive to be respected by the communities we serve and to be globally recognised as the airline for everyone. Today, fastjet connects the three major cities in Zimbabwe by flying between Harare & Victoria Falls and Harare & Bulawayo. Internationally the airline offers flights from Harare, Bulawayo & Victoria Falls to Johannesburg in South Africa, and from Victoria Falls to Kruger Nelspruit Mpumalanga in South Africa and Maun in Botswana.

Since commencing operations, fastjet has flown over 3.5 million passengers and has established itself as a reliable African airline brand, with a range of value-added products and services. As part of the airline’s commitment to offering choice, flexibility and value, customers benefit from generous free baggage allowances, flexible change options, multiple payment channels, airport lounge access on select routes, and ancillary services such as car hire.

Our current fleet is made up of five Embraer ERJ145 aircraft, seating up to 50 passengers.

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Incorporation Details

Fastjet Limited is incorporated in England and Wales. The Company’s operates in Zimbabwe and South Africa.

Company Registration Number: 5701801

Fastjet Limited - Board Responsibilities

The Board of fastjet Limited is responsible for the leadership, strategic direction and oversight of management of the Company. Its primary focus is on strategy formulation, governance, policy and control.

The Board’s attention is highly focused and include matters such as key strategic decision making, the approval of the annual budget and significant capital expenditure. The Board also controls treasury policy, oversight on all Corporate Governance matters, internal control, audit and risk management, remuneration of the non-executive directors and executive management.

All matters that have a material impact upon the company or any of its subsidiaries will be referred to the Board. The Chairman is responsible to lead the Board and ensure that it operates effectively, focusing on governance matters as a whole and corporate compliance. The Chairman is expected to be independent on appointment and is expected to remain independent throughout his tenure.

The Chief Executive's primary role is the day-to-day running of the Company's businesses and the development and implementation of strategy. The Chief Executive may make decisions in all matters affecting the operations, performance and strategy of the Group's businesses, with the exception of those matters reserved to the Board or specifically delegated by the Board to its committees or the boards of subsidiaries.

The role of the Chief Executive is clearly defined and set out in writing and has been approved by the Board.

Board Members

Chief Executive Officer | Mark Hurst
Chief Financial Officer | Kris Jaganah
Non-Executive Chairman | Rashid Wally
Non-Executive Director | Robert Burnham

Corporate Governance

The fastjet Limited Board is committed to the highest standards of corporate governance and to maintaining a solid framework for control and management of the business.

Number of shares in issue

380,457- Ordinary shares of £1.00 each

The Company does not hold any Ordinary Shares in treasury and therefore the number of Ordinary Shares with voting rights is 380,457.

Shareholdings

In so far as the Company is aware, as at 30 September 2022, the percentage of the Company’s issued share capital that is not in public hands is 67.57%

The number of ordinary shares not held in public hands presently comprise Solenta, Director’s and employee's holdings.

Asset Match – Trading Platform for Shares

For all investors and shareholders of Fastjet Limited who wish to buy or sell their shares, please contact Asset Match. Click here for further details.

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