fastjet response to easyGroup letter of 22 March - 30 March 2016

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

 

UK media - Citigate Dewe Rogerson

Tel: +44 (0) 20 7638 9571

Angharad Couch

 

Eleni Menikou

 

Nick Hayns

 

South African media - Tribeca Public Relations

Tel: +27 (0) 11 208 5500

Cian Mac Eochaidh

 

Kelly Webster

 

For investor enquiries please contact:

 

Liberum Capital Limited - Nominated Adviser and Joint Broker

 Tel: +44 (0) 20 3100 2222             

Clayton Bush

 

Christopher Britton

 

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

Posted on 30th March 2016