Stelios Haji-Ioannou News
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EasyJet Plc, Europe’s second-largest discount carrier, said it will deliver improved returns and profitability in the full year after a drive to secure more business travelers helped pare fiscal first-half losses.
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Kenya Airways Ltd., sub-Saharan Africa’s third-biggest carrier, will begin operating low-cost carrier JamboJet later this year even as a failure to hit a fundraising target forced it to revise an expansion plan.
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EasyJet Plc , Europe’s second-biggest discount airline, fell the most in 16 months in London trading following the resignation of its founder Stelios Haji-Ioannou .
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Ryanair Holdings Plc and Michael O’Leary , its chief executive officer, apologized to the founder of rival EasyJet Plc and agreed to pay about 50,000 pounds ($77,000) to settle a lawsuit over an advertisement that likened him to Pinocchio .
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EasyJet Plc is overstepping the terms of its brand licensing agreement with EasyGroup, lawyers for company founder Stelios Haji-Ioannou’s told a London court.
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Shareholders of Easyjet Plc may reject founder Stelios Haji-Ioannou’s effort to oust Chairman Mike Rake at a meeting tomorrow, according to the Sunday Times.
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EasyJet Plc shareholders re-elected Chairman Mike Rake and approved Chief Executive Officer Carolyn McCall’s 1.99 million-pound ($3 million) 2012 pay package, overruling objections from founder Stelios Haji-Ioannou.
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EasyJet Plc Chief Executive Officer Carolyn McCall said Boeing Co. stands a realistic chance of winning a large fleet order to reclaim a customer that it lost to Airbus SAS more than a decade ago.
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EasyJet Plc is set to ascend to the FTSE 100 Index next week, joining British Airways on the U.K. benchmark less than a month after shares of Europe’s second- biggest low-cost carrier rose to a record.
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EasyJet Plc, Europe’s second-largest discount carrier, said sales gained in the three months through December as competitors trimmed capacity and the airline added flights to Switzerland and France.
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