What could Peel actually do if U2 decided to put, say, 2 more aircraft at MAN?
Take them to court?
Peel: "Your honour, we have in writing a contract between ourselves and easyJet concerning the growth of the carrier at a nearby airport at Manchester. They have broken this my increasing aircraft numbers."
Judge: "Get out..."
If it was anything more than a 'gentleman's agreement,' then the Competition Commission would be all over the two companies like a rash and MAG would certain add the salt.
For it to be set in stone is very illegal whereas there is nothing to prove with a 'gentleman's agreement.'
I'm sure that easyJet will know what they are doing and when the new CEO takes his post, that 'agreement' may go out of the window.
Only time will tell...