Following the acquisition of Lonrho's 49% interest in Five Forty Aviation Kenya Ltd, and a further 49.98% economic interest in the company approved at a Fastjet General meeting on 29 June 2012 and completed on 2 July 2012, it became apparent that the vendor did not consider the additional acquisition had completed. The dispute led to legal claims by both parties over the ownership and other matters. A Memorandum of Understanding was reached on 23 April 2013 where both parties agreed to stop legal proceedings against each other because Fastjet considered they did not have control or significant influence. AS of 1st July 2014, a settlement was agreed between Fastjet and Don Smith in which Fastjet transferred all shares in Five Forty Aviation Kenya LTD to Don Smith and Fastjet relinquished any further interest in Five Forty Aviation Ltd. The Five Forty brand name is for sole use of Five Forty Aviation Kenya Ltd.