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FastJet.com
September 28th, 2011 by elisa

Another new airline perhaps? EasyJet founder, Sir Stelios Haji-Ioannou has registered the website which reads ‘Fastjet.com by Stelios. Coming soon!’. It has been dismissed by some in the industry as a bluff because of the lack of details at this time.

The airline entrepreneur, who still holds a 38% stake in EasyJet, has not revealed whether the new venture will be a low-fare to compete with EasyJet or a medium, long-haul or premium airline.

EasyJet confirmed that it had received notice from Sir Stelios that he intends to set up a rival airline. In a statement, the airline said: “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 16th November 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.

“Sir Stelios also alleges that EasyJet has breached the terms of the binding comfort letter between him and EasyJet of 10th October 2010 and that that letter is no longer in force, claims which EasyJet emphatically rejects.

“EasyJet continues to seek constructive dialogue with EasyGroup and Sir Stelios.”

Sir Stelios’ privately-owned company EasyGroup and EasyJet’s board of directors have been arguing over the future strategy for EasyJet for several months.


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