Monday, 26 September 2011
EasyJet's founder Sir Stelios Haji-Ioannou is to launch a new rival airline called FastJet.
The news is exciting and equally controversial as easyJet have released a statement saying that any new airline controlled by Stelios would be an infringement on their rights. EasyJet go on to say that "EasyJet has a number of rights under its agreements with Sir Stelios and easyGroup IP Licensing Ltd (a subsidiary of easyGroup Holdings Limited) as described in the Circular to shareholders dated November 16 2010.To the extent that any activity of FastJet, Sir Stelios or any company controlled by him infringes or would infringe those rights, easyJet will take necessary action to protect the rights of easyJet and the interests of its shareholders."
Easyjet also rejected claims by Sir Stelios that easyJet has breached the terms of a binding letter between him and easyJet of 10 October 2010 and that that letter is no longer in force.
Watch this space..
Posted by Tom Warsop at 16:19