http://www.logupdateafrica.com/fastjet-shells-out-million-for-full-intellectual-property-rights-aviation |
Posted: July 10, 2017 |
African low-cost carrier (LCC) fastjet has paid $2.5 million to acquire the full intellectual property rights behind its brand from UK company easyGroup. The fastjet brand was established in 2012 by easyGroup and Stelios Haji-Ioannou, who founded easyJet in 1995. Under the brand purchase agreement, Johannesburg-headquartered fastjet said it will make “significant savings” on royalties it would have paid over five years.
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