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EasyJet founder says will not inject fresh equity into company | Malay Mail

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LONDON, April 6 — Stelios Haji-Ioannou, the founder of easyJet Plc, has warned that he will not inject any fresh equity into the airline until it terminates a contract with Airbus SE for £4.5 billion (US$5.50 billion), according to a letter posted on EasyGroup’s website. In his letter,...

Passengers board an easyJet plane at Nantes-Atlantique airport in Bouguenais near Nantes, France, April 4, 2019. — Reuters pic

“If this £4.5 billion liability to Airbus is preserved — and not cancelled — by the easyJet board then, I regret to report, easyJet will run out of money around August 2020, perhaps even earlier,” the founder said in his letter.

 

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