Stelios calls truce in battle with EasyJet management – FT

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Haji-Ioannou, airline’s biggest shareholder, is planning to vote in favor of a multibillion-dollar order with Airbus at a shareholder meeting on Wednesday, according to the report. (https://on.ft.com/3IPalKd)

Having founded easyJet (LON:EZJ) in 1995, Haji-Ioannou quit the board in 2010 and has clashed several times with the management since.

EasyJet did not immediately respond to a Reuters’ request for comment.

Last month, EasyJet said it will buy 56 Airbus A320neo aircraft and convert a previous order to 18 new A321neo aircraft, fulfilling options in a 2013 deal with the European planemaker.

In December 2020, EasyJet agreed with Airbus to defer some deliveries of aircraft under the 2013 deal because the COVID-19 pandemic had put its finances under severe pressure.

The aircraft order had proved a source of dispute with Haji-Ioannou, who had opposed the investment at the height of the pandemic.

(The story refiles to correct day in first paragraph to Wednesday.)