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Old 26th September 2011 | 14:19
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redED
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Fastjet

No details yet but isn't the marketplace rather too crowded? Another bluff by Stelios?

Fastjet.com

Budget airline easyJet has been told that founder Sir Stelios Haji-Ioannou is setting up a new airline which will be branded 'Fastjet'.

easyJet says it has a number of rights under its agreements with Sir Stelios and easyGroup IP Licensing Ltd, a subsidiary of easyGroup Holdings Limited.

And it says it will take necessary action to protect those rights if they are infringed by Fastjet, Sir Stelios or any company controlled by him.

easyJet says Sir Stelios alleges that easyJet has breached the terms of the binding comfort letter between him and easyJet of 10 October 2010 and that that letter is no longer in force.

easyJet emphatically rejects these claims. easyJet says it continues to seek constructive dialogue with easyGroup and Sir Stelios.
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