Update from Stelios on the easyJet/Airbus scandal 14 April 2020

Stelios sends complaint to the FCA (the regulator of the stock markets) regarding the behaviour of the directors of easyJet.

Stelios has hired a hard hitting legal team of Simon Bushell and Ben Jaffey to expose the deficiencies in the easyJet announcement of the 9th of April 2020 about “deferring” 24 aircraft deliveries from Airbus.

The long argument can be seen in the letter attached link but in short the “new deal with Airbus” must be put to a shareholder vote.

The scoundrels at easyJet do not have the corporate authority to cut such a deal given the collapsed share price and the monumental size of the Airbus order of c GBP 4.5bn. If the FCA does not force the scoundrels to call a shareholder vote on new deal with Airbus , easyGroup will not hesitate to seek a judicial review.

In plain English that means going to High Court judge to ask for an injunction to require the regulators to do their job properly.

More updates always on www.easy.com

Media Coverage

15/04/2020 – Daily Mail
15/04/2020 – The Daily Telegraph (Business)
15/04/2020 – The I
15/04/2020 – The Sun
15/04/2020 – The Times
15/04/2020 – The Times Business Commentary
14/04/2020 – Financial Times
14/04/2020 – Telegraph
14/04/2020 – msn.com
14/04/2020 – cityam.com