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Grounded easyJet faces further turbulence with Stelios negotiations | Nils Pratley

Founder is embroiled in a row with the airline as he demands it ditches an order for 107 Airbus aircraft

Grounding its entire fleet of planes was the easy bit for easyJet. Now comes the tricky task of negotiating in public with Sir Stelios Haji-Ioannou, who, metaphorically speaking, is threatening to storm the cockpit and take hostages.

The founder and 34% shareholder (with a couple of siblings) says he will call a shareholder meeting to fire one easyJet non-executive director every seven weeks unless the board does what he wants, which is to abandon an order for 107 Airbus aircraft due to arrive in batches until 2023.

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Source: The Guardian

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