By John Smith • Published: 22 May 2020 • 12:48
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.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
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. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.