25 OCTOBER 2010

YOUR WORDS


Readers are invited to add their comments to any story. Click on the article to see and add.

BTN DISTRIBUTION

BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2019 Business Travel News Ltd.

Article from BTNews 25 OCTOBER 2010

easyJet brand

Sir Stelios Haji-Ioannou, the founder of easyJet, and (with his family) its major shareholder, has finally come to a deal with airline’s board which removes the possibility of the Luton-based operation having to find another name.

The new agreement will see Sir Stelios receive 0.25% of the airline's revenues annually, fixed at £3.9m and £4.95m for the first two years, plus £300,000 each year.  Under the arrangement incremental brand revenue earned by the carrier will not be challenged by Sir Stelios.

Previously he had bitterly attacked the airline board's management strategy.  This time around he described the agreement as a "win-win for all concerned".

Easyjet's chairman, Sir Mike Rake, said: "I'd like to thank Sir Stelios for his constructive approach to our discussions over the past week."

The settlement leaves recently installed easyJet boss Carolyn McCall, a former executive at the Guardian newspaper, with a relatively free hand to take the airline forward but with the Haji-Ioannou family’s 37% holding hovering not far away. www.easyjet.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


No one has commented yet, why don't you start the ball rolling?


Add your comment

First Name
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.
www.btnews.co.uk