EasyJet founder says will not inject fresh equity into company

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EasyJet founder says will not inject fresh...
 © In-Cyprus 2020
Stelios Haji-Ioannou, the founder of easyJet Plc, has warned that he will not inject any fresh equity into the airline until it terminates a contract with Airbus SE for 4.5 billion pounds ($5.50 billion), according to a letter posted on EasyGroup’s website.

In his letter, Haji-Ioannou has also called for removal of easyJet’s Chief Financial Officer Andrew Findlay, after earlier calling for a board meeting on a vote to remove Andreas Bierwirth as a director, which was rejected by easyJet.

“If this 4.5 billion pound liability to Airbus is preserved – and...


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EasyJet founder says will not inject fresh equity into company


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