fastjet and Five Forty Aviation agree to end legal dispute

fastjet and Five Forty Aviation Chief Executive Officer (CEO) Don Smith have put an end to a legal dispute over payment and licensing agreements in Africa.

The two have entered into a memorandum of understanding (MoU) to reach "mutually beneficial and constructive resolutions", fastjet said in a statement.

Africa airline fastJet joined forces with Five Forty Aviation in June to gain access rights in Kenya, Ghana, Angola and Tanzania.

However, Smith withdrew licensing rights in February and launched a legal battle accusing fastjet of breaking its agreement on payments.

"The signing of this MoU provides a positive platform for fastjet to strengthen its East African Hub," said fastjet CEO, Ed Winter.

"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."

RD