The founder of Luton-based airline easyJet is to vote against the company at its annual meeting.
Sir Stelios Haji-Ioannou, who with his family holds 36% of easyJet's shares, is unhappy with plans to order a new fleet of fuel-efficient aircraft.
He plans to oppose the re-election of Sir Mike Rake as non-executive chairman and the board's remuneration report at the meeting on February 21st.
Sir Stelios failed in attempts to oust Sir Mike at previous meetings. He believes the new planes are not necessary and will be acquired at the detriment of shareholders.
He is unhappy that Sir Mike is standing for re-election, when he has already announced he will leave the company in the summer.
We do not believe directors who have resigned should be allowed to commit any company to a major programme of capital expenditure that will burden the company for 5-7 years after their departure.
Luton based airline easyJet is to create 330 new jobs for pilots this year across its 11 UK bases, which include Southend, Luton and Stansted.
The company says it offers a clear career path for pilots with the potential to move from first officer to captain more quickly than other airlines.
London Southend Airport come out top in easyJet’s latest Customer Satisfaction Survey.
The survey, which was conducted across all of easyJet’s airports, asked travellers to rate their travelling experience.
The airline has flown more than half a million passengers from the airport since April 2012.
Budget airline easyJet has enjoyed a better-than-expected summer thanks to cheaper fuel costs and a summer advertising campaign.
The Luton-based airline announced pre-tax profits would be £280m and £300m in the year to September 30, up from previous guidance of £272m and last year's £248m.
easyJet attributes the rise in revenue to its commercial featuring music from Liverpool band The Wombats.
The Luton based airline EasyJet made losses of 112 million pounds in the six months over winter - but that was better than the previous year. The airline says that while trading conditions remain extremely difficult the mild winter offset a further jump in fuel costs.
It flew just over 25 million passengers during the six months.
A decision is expected today over whether baggage handlers at Stansted Airport will go on strike.Read the full story ›
Budget airline Easyjet is investing £5 million on a new trial to give passengers allocated seating.Read the full story ›
Budget airline easyjet has made its first flight from Southend Airport.Read the full story ›