EasyGroup says Fastjet breached brand license agreement

Stelios Haji-Ioannou, owner of EasyGroup Holdings, said in a letter to the board of Fastjet that the airline was in breach of 2 clauses of a license agreement. Haji-Ioannou, who has been vocal in his opposition of Fastjet's management, said the carrier's chairman Colin Child had caused the company to be in material breach of the license agreement with EasyGroup, which owns the Fastjet brand. Haji-Ioannou said Fastjet had failed to inform EasyGroup about Fastjet's new "accountable manager" after the exit of former CE Ed Winter. Fastjet declined to comment on the matter. It had said last week that it was taking legal advice on another letter from Haji-Ioannou. Haji-Ioannou, who owns a 12.6% stake in Fastjet through EasyGroup, said in that letter that the carrier could go insolvent. <br/>