“The company has no right to unilaterally terminate the Airbus contract because of the Covid-19 crisis,” he said. “We will never stop in our quest to out these “strawmen” and prove that these shares should not have been counted,” Sir Stelios said. It is a major blow for Sir Stelios’s campaign. Sadiq Khan claims victory in ‘killing off’ Government’s ‘ill-advised and draconian’ TfL bailout plans, Video – Woman kicked off easyJet plane after ‘refusing to wear mask and ranting at crew’, Can Airbnb bank on longer-term stays to sustain itself during a second wave? easyJet is confident that through its strategy it will deliver sustainable growth and returns for shareholders. But it said that this would not affect the payout to shareholders, £60 million of which will go to its founder, Sir Stelios Haji-Ioannou. For these purposes both easyJet Airline Company Limited and easyJet Switzerland S.A. are to be regarded as Community air carriers . Sir Stelios Haji-Ioannou asked his fellow shareholders to oust the chairman, chief executive and two other directors. All rights reserved. Labour MP David Lammy described the move as “greedy super capitalism at its worst” as the UK government drew up plans to buy into airlines to save the industry. MP David Lammy commented that the move is “greedy super capitalism at its worst” as the UK government commences plans to assist airlines to save the aviation industry. +34 951 38 61 61 sales@euroweeklynews.com. The outspoken tycoon had called those in charge of easyJet “scoundrels”, accusing them of sticking to a £4.5 billion deal with Airbus which he believes could eat up all the carrier’s money. © 2018 EWN Media Group. We’ll have a new commenting experience online soon. Under stock exchange rules this would not have allowed the shareholders to vote. Johan Lundgren, its chief executive, told BBC radio that the payment was “something that we are legally obliged to do”. EasyJet said that 99% of votes cast by independent shareholders were against Sir Stelios’s demands to remove the chairman, chief executive and two other directors from the easyJet board. Shareholders in easyJet have backed the company’s board in a bitter dispute with founder Sir Stelios Haji-Ioannou over a multibillion-pound aeroplane deal. Sorry, we are not accepting comments on this article. He also accused three easyJet directors of having a “secret meeting” with a Swiss lawyer in 2016. Both deny ever meeting or knowing the lawyer. “The board believes that termination would be hugely detrimental and seriously impact the company’s ability to operate as a low-cost airline,” the chairman said. Known for his enduring charity work, we hope he takes note. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. It operates domestic and international scheduled services on over 1,000 routes in more than 30 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. Battle of the £1,000 hampers: John Lewis and M&S launch bumper Christmas offerings - but how much would it cost to put together yourself? You can change your choices at any time by visiting Your Privacy Controls. We do not charge or put articles behind a paywall. “The board firmly rejects any insinuation that easyJet was involved in any impropriety,” he said. He has promised to pay £5 million to any whistleblower who can reveal details that leads to the deal being cancelled. Sir Stelios said that the chairman needs to find out if Airbus, directly or indirectly, owns any shares in easyJet. The new planes will have engines that burn 15% less fuel, and cause 50% less noise on take-off and landing. Sir Stelios said that the chairman needs to find out if Airbus, directly or indirectly, owns any shares in easyJet. It operates domestic and international scheduled services on over 1,000 routes in more than 30 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. He threatened to “sue the scoundrels personally” if the company goes bust within the next 12 months. Both deny ever meeting or knowing the lawyer. First, ditch the meditation, Game of Thrones' Emilia Clarke to star in new Terry Pratchett animation, I Tried Diamond Microdermabrasion — & My Skin Is Glowing, Chelsea defender Reece James a ‘strong contender’ to win England right-back battle, says Gareth Southgate, PS5 shortage eyed next week as Sony confirms no in-store stocks available. Scores of other stock market listed companies are withdrawing or reconsidering their annual payouts. Euro Weekly News Media Group, Avenida Ramon y Cajal 54, Edificio River Playa, Local 2, 29640 Fuengirola, Malaga, Spain. EasyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. These were mostly Sir Stelios’s votes. After the vote was announced, Mr Barton said: “On behalf of the board I would like to thank shareholders for their support.”, He added: “The board seeks good relationships with all of the company’s shareholders and hopes to be able to re-engage constructively with Sir Stelios.”. Find out more about how we use your information in our Privacy Policy and Cookie Policy. “The board firmly rejects any insinuation that easyJet was involved in any impropriety,” he said. We have a clear focus on building strong relationships with customers to create more sustainable, long-term revenues leveraging quality, innovation and digital. Easyjet Plc propose a dividend of 43.9 pence subject to approval by shareholders An … Speaking to shareholders at a meeting called by Sir Stelios, who still owns 34% of the business, chairman John Barton stuck by the deal. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.