EasyJet founder threatens to oust board over Airbus order
Stelios Haji-Ioannou, the budget airline’s biggest critic, plans to call one shareholder meeting a week to remove directors
30 March 2020 - 17:36
The coronavirus threat has handed EasyJet’s founder, top shareholder and biggest critic a new weapon in his long-standing campaign to put the brakes on growth at the discount airline.
Stelios Haji-Ioannou, who quit the board in protest over its expansion in 2010, has renewed his demand the UK carrier cancel an order for more than 100 Airbus narrow-body aircraft, arguing that the £4.5bn (R100bn) cost threatens to drag the company down as the coronavirus pandemic cripples industry growth...
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