Stelios’ response to questions by the Mail on Sunday as at 24 April 2020
easyJet will have to replenish the equity that it will lose with fresh equity. Loans do not solve the problem
Whilst any of the current 11 scoundrels are on the board, and the Airbus contract has not been cancelled, I am not giving them another penny of my money.
They will send our money to Airbus and then place the company in administration.
Our shares will become worthless if we don’t cancel the Airbus order
There is no business case to invest new money into easyJet unless the Airbus contract is cancelled
EasyJet is half of Gatwick’s traffic.
Gatwick expects post-COVID-19 passenger numbers will return to recent levels within 36 to 48 months
If Gatwick says that it will take them 3-4 years to get to the same passenger numbers, how can the easyJet scoundrels guide analysts to have forecasts out there with easyJet revenues and profits in 2021 being the same as 2019 ?
They are creating a false market in the stock
The UK taxpayer will not see their GBP600m back in March 2021 unless the Airbus contract is cancelled
The customers of easyJet who gave them GBP1 billion of their deposits for future flights will not see any of it back unless the Airbus contract is cancelled.
27/04/2020 – The Main on Sunday
27/04/2020 – The Sunday Telegraph (Business and Money)