Stelios Loses Battle to stop easyJet Buying 107 New Aircraft

CONTROLLING 34 per cent of the company, the founder of easyJet Stelios Haji-Ioannou has been at odds with the Board over an order for Airbus planes worth £4.5 billion (€4.95 billion).

Not for the first time, he has tried to have the Chairman of the company sacked and demanded an extraordinary shareholders meeting calling on the dismissal of the Chairman, CEO, CFO and one other director but proxy votes have seen his resolutions defeated.

The Board argued that despite Covid-19 disruption the company is strong and needs new aircraft.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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