20 AUGUST 2012


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


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


Email this Page

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

Article from BTNews 20 AUGUST 2012

Stelios fails

EasyJet shareholders have rebuffed an attempt by the budget airline's founder and largest shareholder Sir Stelios Haji-Ioannou to oust Chairman Michael Rake.  This was the latest attempt by the entrepreneur to change the direction that the airline is going, the challenge brought about due to Rake’s involvement with Barclays Bank, where he is Deputy Chairman.

Once the Haji-Ioannou family investment is taken away it is very clear that the vast majority of shareholders, mostly from The City, are pleased with the airline’s results.

"The board continues to seek a constructive relationship with all its shareholders and urges Sir Stelios and easyGroup to engage with easyJet", said Deputy Chairman Charles Gurassa, himself formerly with British Airways.

In its latest financial statement easyJet has reported a 10.5% jump in revenue to £1.03bn for its third quarter. This accompanied a 7.5% increase in seats flown and 10.9% more passengers to 16m. 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
Email Address
Company (Not obligatory)
- 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.