Stelios and easyJet to settle differences

EasyJet is set to resolve its dispute with the low-cost airline’s founder Sir Stelios Haji-Ionannou, according to reports.

Sir Stelios Haji Ioannou
Sir Stelios Haji Ioannou

Sir Stelios has been publically critical for some time of easyJet’s plans to expand and buy new Airbus planes during a period of global economic upheaval. He has also expressed concerns about the number of ancillary services easy Jet has introduced.

EasyJet plans to issue a trading statement on Wednesday outlining a new business plan and stating that Sir Stelios agrees with the strategy

EasyJet’s chairman , Colin Chandler, stepped down in July and a successor is yet to be named.

The airline is also looking to appoint a commercial director to take over from Saad Hammad.

The airline’s budget rival, Ryanair, today (July 27) posted a net profit for the period April to June of €136.5 million, up from €21 million year-on-year partly helped by careful fuel price management.

However, revenues have fallen and Ryanair has warned that its annual profit will be at the lower end of expectations.

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