EasyJet Founder Threatens to Oust Board Over Airbus Plane Order

(Bloomberg) — The coronavirus threat has handed EasyJet Plc’s founder, top shareholder and biggest critic a new weapon in his longstanding 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 U.K. carrier cancel an order for more than 100 Airbus SE narrow-body aircraft, arguing that the 4.5 billion-pound ($5.6 billion) cost threatens to drag the company down as the coronavirus pandemic cripples industry growth.The entrepreneur, who controls 34% of the stock, threatened to call one shareholder meeting a week to remove …read more

Source:: Yahoo Finance


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