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Guess where will Stelios Haji-Ioannou's land next ?

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  • Guess where will Stelios Haji-Ioannou's land next ?

    Storm Warning ....

    DATE:18/11/08
    SOURCE:Airline Business
    Rift widens between easyJet and its founder
    By Kerry Ezard

    EasyJet has rebuffed concerns raised by founder Stelios Haji-Ioannou over the way in which it records the value of the London Gatwick slots it acquired through its acquisition of GB Airways, and also the value of the GB Airways aircraft it plans to sell, on its balance sheet.

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  • #2
    While I might be inclined to agree with Haji-Ioannou on the substance of the issues, especially on the slots point, I think he may be unwise to fight this publicly. He has the right as a non-executive director to make views known to his Board, but despite his shareholding he is only one director. A public fight like this will tend to benefit only his competitors because of the market and commercial uncertainty arising from such a squabble. A pity because, on the whole, easyJet has been a class operation down the years.

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