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UPDATE 1-Fastjet in dispute over Fly540 brand licences

LONDON, Feb 6 (Reuters) - Fastjet, the African budget airline backed by easyJet founder Stelios Haji-Ioannou, is in a dispute over the right to use the Fly540 brand in Angola, Ghana and Tanzania. The brand's owner, Five Forty Aviation, said on Wednesday that it had withdrawn the licences it had granted to Fastjet's operations in the three African nations to use the Fly540 brand because Fastjet owes $7.7 million in outstanding licensing fees.
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