EASYJET will try to face down a revolt by founder and largest shareholder Sir Stelios Haji-Ianonnou next week when it asks investors to approve the multi-billion pound purchase of up to 235 new Airbus planes.
Sir Stelios, who with his family controls a near-37% stake in the airline, has attacked the proposed deal and urged fellow shareholders to join him in voting against it.
In an open letter to them last week, he claimed that it was “a good deal for Airbus and a bad deal for easyJet shareholders” though he acknowledged the board was likely to win the vote.
The airline has not responded specifically to the attack, saying that it had nothing to add having already set out its plans for the deal in great detail to investors.
