UPDATE 1-EasyJet founder seeks to oust directors over Airbus plane order [Reuters]
EASYJET PLC S/ADR (ESYJY)
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Source: Reuters
UPDATE 1-EasyJet founder seeks to oust directors over Airbus plane order (Adds easyJet statement on requisition of general meeting) By Sarah Young LONDON, April 8 (Reuters) - EasyJet’s founder Stelios Haji-Ioannou demanded on Wednesday a shareholder vote to remove two directors, as part of his battle to try to force the British airline to cancel an order for 107 Airbus planes. Haji-Ioannou, easyJet’s biggest shareholder, says the new jets are useless given the crippling impact of the coronavirus pandemic on air travel and that their 4.5 billion pound ($5.5 billion) price tag threatens the firm’s survival. He called for two directors including chief financial officer Andrew Findlay to be removed via a shareholder vote, and also voiced his opposition to a 600 million pound loan easyJet has taken out under a UK government scheme. In a statement, he also threatened legal action against directors if easyJet ends up paying Airbus but was not able to meet its other financial commitments. “If
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