EasyJet founder's family sells small stake in airline
Reuters
Published May 27, 2021 05:20AM ET
LONDON (Reuters) - The family of the founder of British airline easyJet (LON:EZJ) sold a small stake in the company, a regulatory filing showed on Thursday, reducing the Haji-Ioannou family's holding to 25.3% from 26.7%.
Stelios Haji-Ioannou founded easyJet in 1995, and along with family members remains its biggest shareholder, although their holding has reduced from around 34% last year due to a share sale and after a placing by the airline.
During the pandemic, Haji-Ioannou criticised easyJet's strategy, calling on it to scrap a large order for new Airbus jets.
Shares in easyJet traded at 989 pence on Thursday morning. They remain well below their pre-pandemic level of around 1,500 pence, but they have risen 19% in the year to date on hopes for a recovery in air travel.
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Written By: Reuters
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