fastjet response

RNS Number : 1214T

Fastjet PLC

24 March 2016

 

fastjet Plc
("fastjet" or the "Company")

24 March 2016

Further response to latest easyGroup letter

The Company announced yesterday that easyGroup Holdings Ltd ("easyGroup") had 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 Company is making this further announcement to outline the substance of the easyGroup letter including their deadline for a response.

The letter alleges that there have been a number of breaches of the Brand Licence Agreement and requests a response from the Company answering the points raised in their letter by 12 noon on 31 March 2016. The Company notes that if its answers are not provided by that time easyGroup has indicated that they intend to issue a notice to terminate the Brand Licence and may seek injunctive relief if that termination notice is not complied with.

The Board is currently reviewing the letter with its legal advisers and intends to provide a formal response to easyGroup in due course. The Company will confirm to the market once this has occurred. 

Further announcements will be made as appropriate.

ENDS

For more information, contact:

fastjet Plc	Tel: [phone]
Colin Child, Executive Chairman
Lisa Mitchell, Chief Financial Officer
UK media - Citigate Dewe Rogerson	Tel: [phone]
Angharad Couch
Eleni Menikou
Nick Hayns
South African media - Tribeca Public Relations	Tel: [phone]
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:

Liberum Capital Limited - Nominated Adviser and Joint Broker	Tel: [phone]
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Broker	Tel: [phone]
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

 

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