EasyJet to face order showdown

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Easyjet will next week try to face down a revolt by founder and largest shareholder Sir Stelios Haji-Ianonnou when it asks investors to approve the multi-billion pound purchase of up to 235 Airbus planes.

Stelios, who with his family controls over 36 per cent of the airline, has attacked the proposed deal and urged fellow shareholders to join him in voting against it at a general meeting on Thursday.

In an open letter last week, he claimed that it was “a good deal for Airbus and a bad deal for EasyJet shareholders” though he acknowledged the board was likely to win the vote.

The airline has not responded, saying that it had already set out its plans for the deal in detail to investors.