FastJet Plc will raise 15 million pounds ($25 million) from share sales to help fund its African expansion, with EasyJet Plc founder Stelios Haji-Ioannou injecting cash in a deal giving him 10 percent of the business.
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 .
EasyJet Plc shareholders backed an order for 135 Airbus SAS jets valued at $13 billion, cementing Chief Executive Officer Carolyn McCall’s strategy of going toe- to-toe with former flag carriers on short-haul routes.
EasyJet Plc founder and No. 1 shareholder Stelios Haji-Ioannou said he will vote against a management plan to buy 135 Airbus SAS jets valued at $13.2 billion, citing a lack of transparency to the transaction.