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EPIC: FJET
Market: AIM
52-week High/Low: 30.95p / 13.00p
Sector: Transportation
Market Cap: 71.53M
Website: www.fastjet.com
Fastjet PLC

Fastjet PLC

fastjet PLC is a Pan-African airline holding company which is focused on becoming Africa’s most successful and recognisable low-cost carrier. It’s main bases of operation at present is in Tanzania and Zimbabwe with a smaller market presence in South Africa and Zambia.

Fastjet PLC

www.fastjet.com

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Big picture - Why invest in Fastjet PLC


Fastjet PLC Snapshot

Our philosophy is that air travel should be easy…

  • Flights can be booked online, on a mobile phone, at one of our local travel agents or with one of regional sales offices
  • All will be supported by a choice of payment methods
  • www.fastjet.com will be the one website for Africa’s travel needs offering an increasingly wider choice of travel options
  • The best fares available online
  • You can manage your own booking, changing the date of travel (at extra cost) and choose your seat (coming soon..)


We believe our people make a world of difference…

Alongside our service orientated regional teams, trained to offer the highest levels of customer service and the aircrew, we have assembled an international management team steeped in low-cost airline management, engineering and operational expertise.

Our Airline

Africa's low-cost airline…

With ambitious plans to create Africa’s first pan-continental airline, fastjet will bring international standards of safety, quality, security and reliability.

Low-cost is quite simply the avoidance of costly frills, offering customers the lowest possible fares in addition to pay-as-you travel extras. This affords passengers the flexibility to pay for additional services such as a bag or refreshment rather than having to pay for it regardless whether you want it or not.

How your travel arrangements may look...

 

Importantly fastjet low-cost definitely does not mean low quality. Despite the many challenges that exist outside our control we will be open, honest, transparent and communicative to ensure that your travel arrangements remain with the least amount of interruption.

 

Our philosophy is that air travel should be easy…

  • Flights can be booked online, on a mobile phone, at one of our local travel agents or with one of regional sales offices
  • All will be supported by a choice of payment methods
  • www.fastjet.com will be the one website for Africa’s travel needs offering an increasingly wider choice of travel options
  • The best fares available online.
  • You can manage your own booking, changing the date of travel (at extra cost) and choose your seat (coming soon..)

 

We believe our people make a world of difference…

Alongside our service orientated regional teams, trained to offer the highest levels of customer service and the aircrew, we have assembled an international management team steeped in low-cost airline management, engineering and operational expertise.

 

We look forward to welcoming you onboard…

Board of Directors

Nico Bezuidenhout, Chief Executive Officer

Nico Bezuidenhout joined fastjet as CEO on 1 August 2016, bringing years of low-cost airline expertise and invaluable market knowledge to the company.

Prior to working with fastjet, Nico was CEO of Mango Airlines, the highly successful low-cost subsidiary of South African Airways. Nico worked with Mango for ten years from its inception, and grew it into a major player in the South African domestic air travel market, with a 25 percent market share and a fleet of 10 Boeing 737-800 aircraft.

During this time, Nico has also acted twice as CEO of South African Airways itself during interim periods, guiding the company through transitions in leadership and developing its long-term strategy. He was also involved in launching SAA’s e-commerce and electronic ticketing.

Before taking on the African aviation business, Nico founded South Africa’s first and most recognised e-ticketing service, Ticketweb.

 

Michael Muller, Chief Financial Officer

Michael Muller was appointed Chief Financial Officer on 15 May 2017 having joined the Company in November 2016.  He has over 10 years’ experience in the aviation sector.

Michael held various roles within South African Airways including Head of Management Accounting and Reporting and as Chief Financial Officer and director of Air Chefs, a subsidiary of South African Airways. Post South African Airways and prior to joining fastjet, Michael was the financial director of a private defence company.

Michael has gained invaluable experience in turning around companies during his various roles.

Michael is a qualified Charted Accountant, and a member of the South African Institute of Chartered Accountants.

 

Rashid Wally, Non-Executive Chairman

Rashid Wally was appointed as Non-Executive Chairman with effect from 1 April 2017. Mr Wally was previously the Chairman and member of the Audit Committee of South African low-cost carrier Mango Airlines (SOC) Ltd.

In addition to his airline experience, Mr Wally has a track record spanning over 38 years in the information technology sector having held various senior executive positions with IBM in Africa, Europe, the Middle East, South East Asia and Lenovo in Africa.

He is highly regarded for his corporate turnaround experience, having successfully completed many restructuring projects in his previous roles. Mr Wally also has significant corporate governance expertise which will benefit fastjet as it continues to expand and develop.

 

Robert Burnham, Non-Executive Director

Robert Burnham has been a non-executive director of the Company since May 2006. Rob has held a variety of executive director and senior management positions in a number of listed companies both in the UK and USA.

He has undertaken lead roles in substantial merger and acquisition transactions and, as Chairman, led a flotation on the London AIM market. He currently operates as a Management Consultant advising businesses on building enterprise value through profitable growth and staff professional development.

 

Peter Hyde, Non-Executive Director

Peter Hyde joined the board as a Non-Executive Director and Chairman of the Audit Committee on 24 March, 2017.

Mr Hyde brings extensive financial and UK corporate expertise to the Board, having spent more than 30 years in the financial services industry including extensively covering the transport and aviation sectors as a research analyst.

Mr Hyde also has significant industry experience, having previously served as CEO of easyBus and having held senior project management roles at National Express. Mr Hyde is an independent Non-Executive Director and not a representative of the easyGroup.

 

Shareholder Shares held (est.) % holding (est.)
Solenta Aviation 95,633,199 28.48%
M&G Investment Management 67,133,072 19.99%
Majedie Asset Management 32,945,450 9.81%
GAM 28,683,007 8.54%
Henderson Global Investors 25,102,056 7.47%
JO Hambro Capital Management 17,762,112 5.29%

 

Registered Office and Head Office

fastjet Plc
6th Floor
60 Gracechurch Street
London
EC3V 0HR

Registered in England & Wales

Company Number 05701801

Telephone: 020 3651 6307
Email: [email protected]

Media Contacts

Angharad Couch, Toby Moore and Nick Hayns
Citigate Dewe Rogerson
3 London Wall Buildings
London Wall
London
EC2M 5SY

Tel: 020 7638 9571

Nominated Adviser and Joint Broker

Liberum Capital Limited
Ropemaker Place, Level 12
25 Ropemaker Street
London
EC2Y 9LY

KPMG Audit Plc
1 Forest Gate
Brighton Road
Crawley
RH11 9PT

Registrars

Neville Registrars Limited
Neville House
18 Laurel Way
Halesowen, West Midlands
B63 3DA

Solicitors to the Company

Laytons Solicitors
2 More London Riverside
London
SE1 2AP

Financial PR

Citigate Dewe Rogerson
3 London Wall Buildings
London Wall
London
EC2M 5SY

Corporate Communication

Fastjet
Hein Kaiser: GM Marketing Communication
3 Concorde Road East, Bedfordview
Ekurhuleni

Fastjet PLC Timeline

Article
January 05 2017
Newswire
October 03 2016
Newswire
September 20 2016

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