in Home / Air Transport

Fastjet and Don Smith sign MoU to resolve dispute

Posted 23 April 2013 · Add Comment

Fastjet has entered into a memorandum of understanding (MoU) with Don Smith, CEO of Five Forty Aviation Limited, which trades in Kenya as Fly 540, with a view to resolving recent disputes and establishing a way by which the two parties can work together to maximise the value and business prospects of both Fly 540 and Fastjet.

The MoU includes, among other provisions, an agreement by both parties to stop legal proceedings in order that mutually beneficial and constructive resolutions are discussed and implemented.

Commenting on today’s progress, Fastjet CEO Ed Winter said: “The signing of this MOU provides a positive platform for Fastjet to strengthen its East African hub.

“Both Fastjet and Don Smith are pleased to be putting the unfortunate, highly publicised events of the past few months behind us. Don Smith remains the CEO of the Kenyan business and we are pleased to have him as part of the Fastjet/Fly540 team.”

 

  

Other Stories
Advertisement
Latest News

Niger drones aims high

Lifetime aerospace enthusiast, Abdoulaziz Kountché, runs Drone Africa Service, providing vital missions for NGOs and also for Niger’s companies and authorities, writes Vincent Chappard.

Kenya Airways enters partnership with Vipper.com

Kenya Airways has entered a unilateral intermodal interline agreement with one of the fastest growing multimodal mobility platforms in Europe Vipper.com.

Rolls-Royce’s all electric ‘Spirit of Innovation’ takes to the skies

Rolls-Royce has completed the first flight of its all-electric ‘Spirit of Innovation’ aircraft.

ACIA Aero Leasing acquires its first Embraer E190

ACIA Aero Leasing (ACIA), a provider of regional aircraft leasing and lease management services which has multiple customers in the Middle East and Africa, announced today the acquisition of its first Embraer E190.

Bombardier introduces new Challenger 3500 aircraft

Bombardier has introduced its latest mid-size business jet, the new sustainably designed Challenger 3500 aircraft.

Seychelles borders open up to South Africa

Air Seychelles has confirmed that the national flag carrier will reinstate commercial passenger services between Johannesburg and the Seychelles effective 26 September, 2021.

Aviation Africa 2022SK
See us at
DIACC BT0809131121DAS21_BTWDS BT1202090322Aviation MENA 2022