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 June 29 brand purchase agreement, Johannesburg-headquartered fastjet said it will make “significant savings” on royalties it would have paid over five years.  “I have accepted the view of the ...

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