30 Mar 2016 13:53
fastjet Plc("fastjet" or the "Company")
30 March 2016
Fastjet Response to easyGroup letter of 22 March
As previously announced, easyGroup Holdings Ltd ("easyGroup") made public a letter dated 22 March 2016 which it had sent to fastjet relating to the Brand Licence Agreement in place with the Company.
The letter alleged that there have been a number of breaches of the Brand Licence Agreement and requested a response from the Company answering the points raised in their letter by 12 noon on 31 March 2016.
The Board has reviewed the letter and has today provided a formal response to easyGroup. Having taken legal advice, the Board does not believe fastjet is in breach of the Brand Licence Agreement.
ENDS
For more information, contact:
fastjet Plc | Tel: +44 (0) 20 3651 6307 |
Colin Child, Executive Chairman | |
Lisa Mitchell, Chief Financial Officer | |
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UK media - Citigate Dewe Rogerson | Tel: +44 (0) 20 7638 9571 |
Angharad Couch | |
Eleni Menikou | |
Nick Hayns | |
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South African media - Tribeca Public Relations | Tel: +27 (0) 11 208 5500 |
Cian Mac Eochaidh | |
Kelly Webster | |
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For investor enquiries please contact: |
Liberum Capital Limited - Nominated Adviser and Joint Broker | Tel: +44 (0) 20 3100 2222 |
Clayton Bush | |
Jill Li | |
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W.H. Ireland Ltd.- Joint Broker | Tel: +44 (0) 20 7220 1666 |
James Joyce | |
Mark Leonard | |
NOTES TO EDITORS
About fastjet Plc
fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. fastjet Zimbabwe was successfully launched in October 2015. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. Utilising its fleet of Airbus A319s, fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline.
The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.
fastjet Plc is quoted on the London Stock Exchange's AIM Market.
For more information see www.fastjet.com