Hackers steal 9m Easyjet customers’ data in cyber attack May 19, 2020 Low-cost airline Easyjet said this morning that hackers had obtained the email and travel details of 9m customers, and the credit card details of a further 2,000. In a statement, the firm said: “There is no evidence that any personal information of any nature has been misused. “However, we are communicating with the approximately 9m [...]
Easyjet founder offers £5m reward for Airbus deal ‘whistleblower’ May 12, 2020 Easyjet’s founder Stelios Haji-Ioannou is offering a £5m reward to any “whistleblower” who can provide information leading to the cancellation of the airline’s 107-plane deal with Airbus. Haji-Ioannou has been attempting to force Easyjet’s board into scrapping the deal for months, saying the £4.5bn deal will leave the carrier without enough cash to survive the [...]
Easyjet calls on government to use quarantine rules for only a short period May 11, 2020 Low-cost carrier Easyjet today said that the government should only keep quarantine requirements for people entering the UK in place for a “short period”. Last night Prime Minister Boris Johnson had announced that mandatory quarantine for air passengers coming into the UK would soon be put in place. He said: “And to prevent re-infection from [...]
Easyjet board set for showdown with founder over Airbus contract April 27, 2020 Easyjet’s board has set the date for a showdown with founder Sir Stelios Haji-Ioannou, who has been calling for the airline to scrap a £4.5bn order with Airbus. On May 22, shareholders will vote on whether to back the board’s plan to go through with the deal, which has been modified in light of the [...]
Easyjet CEO says founder’s calls for his sacking are ‘a distraction’ April 16, 2020 Easyjet’s chief executive has said that calls for his removal from the airline’s founder Sir Stelios Haji-Ioannou are “a distraction” and “quite frankly unhelpful”. Speaking to Morning Wire, Johan Lundgren said that his focus was “completely on managing this business through the worst crisis the aviation industry has ever seen. Lundgren’s comments came after Haji-Ioannou, [...]
Easyjet founder refers airline to watchdog over Airbus deal April 14, 2020 Easyjet founder Sir Stelios Haji-Ioannou has referred the airline to the Financial Conduct Authority (FCA) for not showing “the highest standards of disclosure and transparency” in its decision to defer the order of 24 new aircraft from Airbus. Haji-Ioannou has been locked in a spat with the budget carrier’s executives over a deal for 107 [...]
Easyjet accused of spending £600m of taxpayer money on Airbus deal April 8, 2020 Easyjet founder Sir Stelios Haji-Ioannou has once again lashed out at the firm, saying the carrier’s receipt of £600m in loans from the government “could be the biggest scandal in British corporate history”. The Greek-Cypriot businessman has pressured Easyjet’s board to scrap a £4.5bn order for 107 new planes from Airbus. Haji-Ioannou believes cancelling the [...]
Easyjet founder threatens to sue bosses over Airbus contract April 7, 2020 Easyjet founder Sir Stelios Haji-Ioannou has threatened to sue the company’s board as the spat over a £4.5bn order of planes from Airbus rumbles on. The Greek-Cypriot businessman told the Telegraph that if any of the £300m the airline has spent in the last three weeks has gone to Airbus, “I will sue the directors [...]
Coronavirus: Easyjet secures £600m in Bank of England funding April 6, 2020 Easyjet has secured £600m in commercial paper from the Bank of England’s (BoE) new Covid Corporate Funding Facility as the low-cost carrier seeks to strengthen its liquidity during the ongoing coronavirus crisis. Shares in the firm rose 13 per cent after the announcement. Airlines have been among the businesses hardest hit by the pandemic, which [...]
Easyjet founder warns airline could run out of money by August April 6, 2020 Easyjet’s founder and largest shareholder, Sir Stelios Haji-Ioannou, has warned that unless a £4.5bn order for new Airbus planes is scrapped the carrier will run out of money by August. The Greek businessman is also seeking the removal of Easyjet chief financial officer Andrew Findlay. Haji-Ioannou said sacking Findlay “is the only way of preventing [...]