11 MAY 2009
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EASYJET seems to be in something of a turmoil with founder and largest shareholder Sir Stelios Haji-Ioannou seemingly at war with the executive board. CEO Andy Harrison wants to replace the remaining Boeing fleet with 91 new Airbus for a net increase of 28 aircraft. Stelios appears to be more cautious and is making noises that now is not the time for major investment. easyJet said pre-tax losses in the six months to the end of March had risen from UKP57.5m to UKP116.5m, despite a 16% increase in revenue from UKP892m to UKP1.03bn. The airline expects to be profitable for the whole year. www.easyjet.com
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