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EasyJet founder loses bid to oust management in strategy showdown
Phoenix Asset Management Partners Discloses 4.1851% Stake In easyJet As Of May 12 Vs Prior Stake Of 3.2955%
Ninety One UK Limited Discloses 5.17% Stake In Easyjet
Easyjet PLC is a United Kingdom-based company that operates low-cost European point-to-point airline. The Company operates approximately 331 aircraft across 34 countries and approximately 159 airports. It operates through its route network segment. Its fleet includes A319, A320 180 seat, A320 186 seat, A320 neo and A321 neo. It operates across Norway, Estonia, Denmark, United Kingdom, Ireland, France, Germany, Netherlands, Poland, Romania, Ukraine, Czech Republic, Slovakia, Serbia, Greece, Italy, Spain, Portugal, Morocco, Malta, Tunisia, Montenegro, Athens, Budapest, Moldova, Kosovo, Cyprus, Israel, Egypt, Iraq, Syria and Iceland.
Hangar 89, London Luton Airport
Non-Executive Chairman of the Board
Chief Executive Officer, Director
Charles M. Gurassa
Non-Executive Deputy Chairman of the Board, Senior Independent Director
Chief Financial Officer, Executive Director
Chief Marketing Officer
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Britain's FTSE Russell has confirmed that EasyJet and cruise operator Carnival PLC will exit Britain's top blue-chip share index, as the value of their stock dropped below the required threshold due to the coronavirus.
EasyJet and cruise operator Carnival are set to lose their seat at the top table of British blue chips after the COVID-19 crisis knocked the value of their shares to below the threshold of London's prestigious FTSE 100 index.
British airline EasyJet said on Tuesday it will resume flying on about three-quarters of its routes by August, expanding the small number it said it would start flying this month but at a much lower frequency than last summer.
Britain's easyJet plans to cut up to 4,500 jobs and shrink its fleet to adjust to the smaller travel market which is forecast to emerge from the coronavirus crisis.
Britain's easyJet is not planning on raising new equity currently but its chief executive did not rule it out in future as the low-cost airline seeks to survive the coronavirus pandemic which has wiped out air travel.
EasyJet will not fly to Italy if Rome prolongs social distancing rules on planes beyond June 15, the budget airline's chief executive said in a newspaper interview.
UK shares rose on Thursday after early signs of a pickup in business sentiment fuelled hopes of a post-coronavirus economic rebound, while easyJet jumped on a plan to cut staff following a collapse in global air travel.
British low cost airline easyJet said it planned to cut up to 30% of its staff and shrink its fleet, to fit the smaller market it expects to emerge from the collapse in air travel due to the coronavirus.
British low cost airline easyJet said chief financial officer Andrew Findlay plans to leave the company next year, in an announcement made just days after he survived an attempt by the airline's founder to oust him.
British low cost airline easyJet said chief financial officer Andrew Findlay will leave the company in May 2021, and it had started the search for his successor.
EasyJet founder Stelios Haji-Ioannou failed in his attempt to oust the airline's top three bosses on Friday, giving it a brief respite in its battle for survival during the coronavirus pandemic.
EasyJet on Friday said all four resolutions put forth by its founder Stelios Haji-Ioannou to oust key management were rejected by its shareholders, with nearly 60% of votes cast against his proposals at a general meeting.
EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust the CEO, chairman, CFO and another director, preliminary results of a shareholder vote showed.
EasyJet's board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline's plan to stick with a $5.5 billion plane order.
British low-cost airline easyJet <EZJ.L> said it would restart a small number of flights on June 15, becoming the latest airline to plan for the return of European travel by making face masks mandatory onboard.
British low-cost airline easyJet said a small number of flights would restart on June 15 and that passengers and cabin crew would all be required to wear masks when travelling.
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Chinese hackers are suspected of accessing email and travel details of about nine million easyJet customers, said two sources familiar with the investigation into a cyberattack disclosed by the British airline on Tuesday.
Hacking tools and techniques used to access the travel records of millions of customers of Britain's easyJet <EZJ.L> point to a group of suspected Chinese hackers thought to be behind multiple attacks on airlines in recent months, two people familiar with the investigation...
British budget airline easyJet said on Tuesday hackers had accessed the email and travel details of around 9 million customers, and the credit card details of more than 2,000 of them, in a "highly sophisticated" attack.
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