Monday 23 August 2010

Stelios Not Happy With easyJet

The founder of easyJet and owner of company Easygroup Stelios Haji-Ioannou has stepped up his battle with his former company after it emerged that the airline had been using leased planes from airline Titan during the summer peak.

Stelios fumed that any customer who books a flight with easyJet should be greeted at the airport by an easyJet plane and not some leased plane with little recognition from the public.

Stelios who owns 38% of easyJet and is the largest shareholder said he would terminate the brand agreement between his company easyGroup and easyJet if such breaches of agreement did not cease by the end of the day.

The brand agreement also states the carrier can continue to use the brand name only if 25% of its earnings are created from non core activities. Which Stelios feels is not the case as they have branched into car hire and hotels, which conflicts with easyCar and easyHotel.

New easyJet chief Carolyn McCall hopes to patch up differences with Stelios

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