Sir Stelios takes easyJet to High Court

Sir Stelios takes easyJet to High Court

easyJet Founder Sir Stelios Haji-Ioannou took his own airline to the High Court earlier this week as he accuses its board of breaching ‘easy’ branding agreements. Sir Stelios, who founded the group in 1998 and now holds a 38% stake in the business, has fought with the board of easyJet for two years. According to a report in the Independent, disagreements focus on a supposed poorly-conceived expansion plan, of failing to address a falling share price and failing to pay a dividend. The founder claims he has been ignored by the board, led by Andy Harrison, and said the airline had not stuck to its contract. A deal between the two parties stated the airline cannot gain less than 75% of its revenues from its core business of flying. Sir Stelios believes easyJet’s baggage check-in charges are an ancillary business although the board insist this is just as important as fares. EasyJet said that it “remained reassured” that it would win the case. It is expected the dispute will not settle until Harrison is replaced by Caroline McCall later this year.

Gary Marshall
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Gary Marshall
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