The ’Pinocchio’ press campaign over which Stelios was taking legal action was rolled out earlier this year, referring to Stelios as “Easyjet’s – Mr Late Again” and called on him to “stop hiding the truth” about Easyjet’s on-time performance.
But Mr O’Leary has now apologised, saying that Stelios was not personally responsible for Easyjet not publishing weekly details of their on-time performance.
The libel suit was settled out of court, with Stelios accepting £50,100 in damage. Stelios dedicated the victory to all those “who have suffered verbal abuse at the hands of O’Leary”.
The rivalry between the two low-cost carriers has often centred on advertising, with each arline complaining against the other to the Advertising Standards Authority (ASA) over various campaigns.
This story first appeared on pitch