Fastjet says it owns Fly540 name

Fastjet, the African budget airline backed by easyJet founder Stelios Haji-Ioannou, yesterday said it was sole owner of the Fly540 brand, following a dispute over its ownership. This follows a statement from Five Forty Aviation’s chief executive Don Smith on Wednesday saying his company owned the Fly540 brand and had withdrawn the licences it had granted to Fastjet’s operations to use the brand in Angola, Ghana and Tanzania.