EasyJet Founder Wants to Cancel Airbus Order for 107 ‘Useless Aircraft’

By Kurt Stolz on 6 April 2020
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The founder and largest shareholder of low-cost carrier EasyJet wants the airline to cancel its $5.5 billion order with Airbus for what he termed 107 “useless” A320 family aircraft, given the plunge in ticket sales due to the ongoing coronavirus pandemic.

Stelios Haji-Ioannou issued a two-page statement overnight in which he insinuates that the airline is reluctant to cancel the order because top executives there may have accepted bribes from Airbus for placing the order.

“The monopoly aircraft supplier to EasyJet is Airbus, a Franco-German company that has been convicted of bribing airline executives around the world as proven before a U.K. Crown Court judge,” he said in the statement.

He also said he would not provide further liquidity to the airline unless it cancels the order. Haji-Ioannou contends that the airline has enough cash on hand to operate through August at the present time.

(Photo: Accura Media Group)

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